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[–] 1 point 1 year ago* (last edited 1 year ago)

New home prices went up like crazy in China for years until the government's hopelessly over-subsidized and over-supported property led to a construction boom in the country that could house 3 billion people, more than twice of China's population. It has been criticized even by Chinese officials in a rare public critique. Unfortunately the turmoils are far from over, the market is still under severe stress.

[Edit typo.]

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