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China's miniature home builders cut down to size

After decade-long property boom, an extended downturn looms large
Thursday, June 4, 2015 - 05:50
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Compared to five years ago, Canyon Models is now making fewer models of homes in the face of a property downturn and many firms are diversifying or looking abroad.

Shenzhen, China

IN the face of an extended downturn after a decade-long property boom, China's miniature apartment builders are finally downsizing their ambitions.

China has experienced the most rapid urbanisation in human history - it is said to have used more cement in 2011-2013