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Opinion: It is dangerous to underestimate China’s property crisis

Shusi He
More profound issues beyond the liquidity crisis of property developers include Chinese residents’ impaired confidence in the housing market and the slowing home sales dragging economic growth.
Opinion: It is dangerous to underestimate China’s property crisis

Since China’s economic boom started, there has been a common saying that glamorous Tier-1 cities only make up a small part of the Chinese narrative, and that the real China secretly unfolds itself in smaller Tier-3 cities and even villages in the countryside.

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