5min chapter

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China Had a Plan to Rescue Its Housing Market. It’s Not Working.

Big Take Asia

CHAPTER

Zhengzhou: Ground Zero of China's Housing Crisis

This chapter explores the severe decline of China's real estate market, particularly in Zhengzhou, where unfinished constructions and vacant apartments highlight systemic issues. It examines the challenges local governments face in transforming excess property into affordable housing amid growing economic concerns.

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