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Cemetery in China forced to bury controversial mortgages-for-graves plan after media backlash

  • Cemetery announced the plan and within days was forced to cancel the scheme after overwhelming negative publicity
  • Many were angered by what they saw as greed and profiteering on people’s grief

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A plan to offer grave mortgages in China has backfired and forced a cemetery to cancel the plan. Photo: AFP
A cemetery in China found itself in hot water after touting a mortgage plan for buying a burial plot, amid concerns about unethical funeral cost mark-ups. 
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The Kunming Jinlong Ruyi Park in the southwestern province of Yunnan revealed on Tuesday a plan to partner with a local bank to offer 10-year mortgages for graves that would covers costs up to 200,000 yuan (US$30,000). 

The news quickly generated an avalanche of criticism. Several state media outlets published op-eds that decried the practice as “propping up funeral costs” and “indebting offspring”.

Many people ridiculed the bank on the Chinese internet, asking what it would do if a client defaulted on a burial plot.

“Please don’t tell me they are going to dig other families’ graves and then sell them at an auction,” said a commentator on Weibo. 

Many younger Chinese people face expectations they will pay the cost of funerals for their parents when they die, with the price being as much as US$30,000. Photo: kmjly.cn
Many younger Chinese people face expectations they will pay the cost of funerals for their parents when they die, with the price being as much as US$30,000. Photo: kmjly.cn

Two days later both the cemetery and the bank, Yunnan Xishan BoB Rural Bank, a subsidiary of the Bank of Beijing, walked back the offering, telling the media that they had cancelled the deal. 

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