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The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes

China’s deflating real estate bubble is threatening the world’s second-biggest economy with repercussions that could last for years.

House prices are falling in many cities after a long period of rise, data from Chinese real estate developers and official statistics show. According to industry data provider China Real Estate Information Corp. Nationwide home sales by the country’s biggest developers have plummeted for 13 straight months annually.

https://www.wsj.com/articles/bursting-chinese-housing-bubble-compounds-beijings-economic-woes-11660235003 The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes

Alley Einstein

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