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4min chapter
China Had a Plan to Rescue Its Housing Market. It’s Not Working.
Big Take Asia
Zhengzhou's Struggle: Government Initiatives in a Troubling Housing Market
This chapter explores the government's initiatives in Zhengzhou to tackle the housing market crisis from 2022, including the purchase of over 100,000 unsold housing units for conversion into affordable options. Despite some progress in attracting renters, the effectiveness of these measures remains questionable due to ongoing challenges in the market.
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Discover
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