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A Debt That Could Stunt China's Economy
Big Take
The Financial Struggles of Hougam Point to Greater Troubles for China
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Hougam is a small city in the northeast corner of China. It's known for its history of coal mining, but revenues have been on the way down. The population has been declining over the past decade and property prices are very cheap. But young people who can't afford to buy their own apartment are looking elsewhere.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode