Property Sales in Small Cities Pivotal to China's Growth

A property glut in some smaller cities raises questions over how far China’s decade-long housing boom can last at a time when the fragile economy is more vulnerable than ever to a possible retreat in the red-hot property market.
A flurry of housing investment over the past several years, fueled in part by herd-like speculative buying, resulted in some developers building more housing than could be sold once the market began to slow.
Now, the concern is that the market could …

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