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Saturday, October 5, 2024

China’s property crash: ‘a slow-motion financial crisis’

Lucy Wang finds herself at the sharp end of a crisis seeping through China’s property market. She once dreamt that buying an under-construction apartment in the northern city of Zhengzhou would be her ticket to a new life. For a young woman from a farming village, the Rmb250,000 ($34,839) down …

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