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Property on China island bucks trend

As the market slumps elsewhere, Chenjia Town near Shanghai thrives; but at the expense of swelling debt that's threatening local-govt finances

[SHANGHAI]

PROPERTY prices are booming in an island town of 60,000 people near Shanghai while the market slumps elsewhere. It comes at a cost: swelling borrowing that's threatening local-government finances.

Tang Chunmei, a 43-year-old real estate agent in Chenjia Town, 45km from...

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