In Xi’an, a pregnant woman sat on her bed, sobbing in despair. Her home value plummeted from 3.6 million yuan to 1.4 million yuan, a loss of 2.2 million yuan almost overnight. Adding to her pain, she’s facing the risk of defaulting on her mortgage due to her reduced income. It’s not only the house she might lose; if it’s foreclosed, she may even end up owing more. With her due date approaching, she feels utterly overwhelmed by the blow.
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