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China’s Property Market Crisis Is Trouble for the Whole World

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Home prices are falling, developers are defaulting and people are angry. Can China reverse a growing economic calamity that could go global?

China’s property market is in crisis. Real estate prices that skyrocketed over the past few decades have begun to fall back to Earth.

Now the danger is that collapsing home values will also bring the world’s second-biggest economy down along with them., we explore how this upheaval started and look at what the implications could be for the global economy.

 

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