WORLD - ASIA - CHINA
China’s Property Market, Once a Lifeline, Now Carries Economic Risks
Beijing relied on home buying to help boost the economy in 2015, but concerns about debt and house prices could limit that option now
By Dominique Fong
Feb. 16, 2019 8:00 a.m. ET
SHANGRAO, China—Investors were pouring into this sleepy city in southeastern China until late last year to scoop up apartments as new high-rise projects mushroomed.
Then sentiment turned. Unsold units started piling up and developers began cutting prices. Homeowners fearing a housing-price collapse protested at one sales office in October.
The...
READ MORE: https://www.wsj.com/articles/chinas-property-market-once-a-lifeline-now-carries-economic-risks-11550322001
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