Update on Housing Shark Loans in China

China’s Shark Loan Ponzi Finance- As Ponzi Schemes Collapse the Chinese Government Fears Civil Unrest

Lots of links and info at the link.

The Chinese government doesn't like civil unrest and large public gatherings that are not approved, i.e. it isn't particularly germane to the story (officials broke up the peaceful pro-Cantonese rally, for instance). The story to pay attention to is the financial implications.