![]() "And I won't believe all the rhetoric the government and others come out with." China's leadership has recently cut mortgage rates, slashed red tape and offered developers more loans in a bid to shore up the industry. "After this, I'll never buy a house that isn't finished already," he said. Wang said he had "no confidence" in the latest promise the property would be finished by August's end. Around a dozen workers mooched among stone slabs and upturned trees waiting to be planted, roots drying out in the summer sun. When AFP visited the site, empty towerblock facades surrounded mounds of overturned earth and piping, with rusty vehicles parked chaotically among the rubble. The online store operator purchased a home in the wealthy eastern city of Ningbo for 690,000 yuan in 2021, but work stopped later that year. "There's no point getting angry, because there's nothing I can do," said 24-year-old homebuyer Wang, using a pseudonym. "But they know that in China, people like us are rarely able to afford a lawsuit." For others, initial fury has given way to helplessness. "Their attitude has been, 'If you don't like it, sue us,'" Gao said. He said his attempts to claim compensation for the delays from the developer had been unsuccessful. "Some people around here still believe in our government, but I think they're the least worthy of our faith." Gao told AFP he stopped paying his 5,000-yuan ($700) monthly mortgage in January, joining a boycott with others from the complex. "I don't blame the developer - I blame the government," the middle-aged man told AFP, gazing around the concrete shell of an apartment. ![]() One owner said local officials seemed powerless to ensure the project's completion, adding that "ordinary people have suffered the worst". Some buyers said the developer had hired a skeleton staff of labourers to justify a rumoured government bailout. A handful of workers dug trenches and stacked cinder blocks on the site's periphery, while the sound of drilling emanated from several homes. AFP journalists visiting in June observed crumbling exterior masonry, holes in interior walls, loose wiring and unsecured fire doors. ![]() Disgruntled homeowners say the compound's estimated 100 undelivered homes and shoddy finishes are evidence the company is struggling. It did not reply to AFP's requests for comment. The smaller regional firm building Gao's complex, Henan Jin'en Real Estate, is not publicly listed, making its financial situation hard to discern. The property crisis grabbed headlines for its scale, notably entangling industry giant Evergrande, which flirted with bankruptcy before announcing a massive restructuring deal. Although some properties have since been completed, many buyers like Gao are still waiting - while other issues have surfaced, from slapdash building work to disputes over compensation and pressure from local officials. ![]() Beijing recently introduced a raft of measures intended to remedy the disarray in the sector. A slowing economy was hammered further by pandemic-era health curbs, adding to low consumer confidence and a slump in housing demand. Cut off from the easy money that had fuelled the boom of the last few decades, many companies began floundering under accumulated debts. Endemic issues in the real estate sector had been brought to a head in 2020, when the government cracked down on excessive borrowing and rampant speculation. A wave of mortgage boycotts spread nationwide last summer, as cash-strapped developers struggled to raise enough to complete homes they had already sold in advance - a common practice in China. I am sure that the collection will give a great overview of the special and beautiful American Trucks.Gao's case is not uncommon. If that is the case please tell me and I will immediately remove the picture or change the source. It is however possible that I do not know who originally made a picture or that a picture has copyrights that I am not aware of. If you send me information I will ofcourse explicitely mention your name or the source of information. I will publish my own pictures or pictures that I have in my own collection. If you have any additional information, pictures, prints or documentation, please send a reaction via one of my messages and I will add it, after contacting you by mail. Macks, Kenworths, Peterbilts, Freightliners and other trucks from especially Europe, but also Asia, Africa, North and South America will be added to this log to give a complete overview and impression of the american trucks. In this Blog I will try to give an overview of American Trucks driving on all continents of the world. Welcome to the Blog with pictures of the most beautiful American Trucks.
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