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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
Published Mon, Jun 9, 2014 · 10:00 PM
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[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 f…
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