Feature

Falling prices – the dangerous growth killer

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Published: July 23rd, 2023,
Last updated: May 28th, 2025

Oversupply: Real estate agents in front of countless sales offers for Chinese properties in Beijing.
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Two dozen 30-floor condo towers stretch into the sky. Some are finished, the rest are still under construction. But the cranes are at a standstill, the scaffolding has been removed from some of the unfinished buildings. And even the apartment buildings that are ready for occupancy are empty.

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Deflation