The boom, bust and future of China's real estate sector
The Sound of Economics
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What Is the Relationship Between the Local Government and the Big Developers?
In many Chinese cities, a marriage and a local hu-kou have become preconditions for migrants to acquire housing. According to a survey carried out by Southwestern University of Finance and Economics, the bottom 20% of urban families buy household income,. Their mortgage debts were 100 times the size of their household income. So the official narrative, housing is for living, not for speculation, can definitely resonate with those families. But whether these, you know, official dream can actually be materialized is an entirely different story.
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