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News Politics

Anger mounts as China's property debt crisis leaves flats unfinished

by worldNews24

Dozens of homebuyers in Tongchuan, a city in northwestern China's Shaanxi province, are demanding police action as the presale flats they bought years ago remain unfinished shells. The so-called "rotting" or unfinished homes in China have become more common since a property slump in 2021, which has seen some property developers go bankrupt, and others left in massive debt.

  • 2023-09-18T16:38:35+00:00
  • Duration: 04:48
  • crisis leaves flats unfinished
  • crisis leaves flats
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