Part 14/15:
China’s real estate downturn is more than a market correction; it’s a societal upheaval. The collapsing housing prices, mounting debts, and the increasing number of foreclosures underscore a systemic crisis that’s shaking confidence and jeopardizing livelihoods. Ordinary citizens—a large part of the middle and working classes—are caught in a web of financial despair, with many unable to pay mortgages, facing foreclosure, or considering abandoning their properties altogether.