The UK tax cut and pound U-turn
FT News Briefing
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The Crisis of Unbuilt Homes and Developer Bankruptcy in China
This chapter examines the struggles of individuals in China, highlighted by a woman's refusal to pay for a nonexistent property amid a wave of bankrupt developers. It explores the larger crisis affecting many potential homeowners and the implications for local governments in relation to financial stability and property development regulations.
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Transcript
