Evergrande’s Predicament Indicates No Solution to the Unfinished Buildings Crisis

The "mortgage payment suspension" storm caused by unfinished buildings in China's real estate industry continues to expand. Up to now, in addition to more than 300 real estate owners who have issued a "mortgage payment suspension" statement, hundreds of suppliers of Evergrande Group have also joined the army of suspending loans. In the face of this expanding wave of "loan suspension", the CCP government, whose stability is overriding everything else, will not sit idly by and let it continue to develop and cause a bigger financial crisis. In addition to cracking down on defending property owners, the authorities have also taken various measures to try to defuse the crisis. However, judging from the current situation faced by Evergrande Group, which is involved in the most unfinished building projects, this storm caused by unfinished buildings seems to have no solution.