When Ya bought an apartment in the central Chinese city of Zhengzhou in 2018, he thought it was the start of a bright new chapter.  At 1.2 million yuan ($174,000), the 85-square-meter home was pricey by local standards. But Ya liked the location, and figured property prices were likely to keep rising. Plus, the 5,300 yuan monthly mortgage payments seemed affordable. Yet, five years later, … Continue reading China’s Downturn Fuels a Worrying New Trend: a Surge in Foreclosures