China has a revolt on its hands: A legion of home buyers who are threatening to not pay their mortgages.
who have threatened to renege on mortgages
on unfinished properties, censoring social-media posts and telling banks to keep money flowing to developers that are trying to make good on their promises to deliver homes to buyers. Last week, a list of uncompleted projects in which frustrated Chinese citizens said they would stop paying their home loans circulated widely online, and grew exponentially over a few days to include more than 300 properties across the country by Monday. They included projects by dozens of developers, including companies such as China Evergrande Group and Kaisa Group Holdings Ltd., which
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