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Economists warn China's property bubble will be difficult to resolve

Tuesday, October 18, 2016 - 05:50
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Ms Zheng, who initially refused to sign away her home, looks out of the window of her house in Shanghai. In recent months, officials hung propaganda banners on housing extolling the benefits of selling out.

Shanghai

ZHENG Ruizhen counted herself among the last holdouts on Lufeng Road.

Even as high-rises sprang up in recent years to surround her dilapidated home, Ms Zheng, a 50-year-old schoolteacher, and her husband, Sun Guojian, held firm. He grew up there. Her school was a 20-minute