Little Trouble in Big China?

Following reports of bank runs and mass mortgage defaults and protests in China, we have footage of PLA tank movements in Shadong Province. Is this just routine troop and equipment movements, a military exercise, or trouble brewing? Is China headed for Tiananmen square 2.0? MH

Big Little China

PLA Tanks Appear on the Streets in Shandong Province 山東日照街頭出現大量坦克

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BREAKING NEWS: CHINESE AUTHORITIES HELD EMERGENCY MEETINGS WITH BANKS AFTER GROWING ALARMED THAT AN INCREASING NUMBER OF HOMEBUYERS ACROSS THE COUNTRY ARE REFUSING TO PAY MORTGAGES Here we go…

4:58 AM · Jul 15, 2022

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Chinese authorities meet banks as mortgage boycott roils markets – Bloomberg News

July 14 (Reuters) – Chinese authorities held emergency meetings with banks after growing alarmed that an increasing number of homebuyers are refusing to pay mortgages on stalled projects, Bloomberg News reported on Thursday.

The Ministry of Housing and Urban-Rural Development held meetings with financial regulators and major Chinese banks this week to discuss the mortgage boycotts, the report bloom.bg/3AKBOKX said, citing people familiar with the matter.

According to the report, no immediate solution came out of the meeting, however, the regulators have asked local watchdogs and banks to report the impact, including property projects affected in their jurisdictions. (Reporting by Akriti Sharma in Bengaluru; Editing by Jacqueline Wong)

Also probably relevant on the geopolitical front: (Apologies for the clickbaity heading. By “America” they mean Guam, which is US territory.)

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Martin Harris

I have a lovely partner and 3 very active youngsters. We live in the earthquake ravaged Eastern Suburbs of Christchurch, New Zealand. I began commenting/posting on Uncensored back in early 2012 looking for discussion and answers on the cause and agendas relating to our quakes. I have always maintained an interest in ancient mysteries, UFOs, hidden agendas, geoengineering and secret societies and keep a close eye on current world events. Since 2013 I have been an active member of theCONTrail.com community, being granted admin status and publishing many blogs and discussion threads. At this time I'm now helping out with admin and moderation duties here at Uncensored where my online "life" began.

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