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China is waking up from its property nightmare
An ecstatic $48.2 million luxury mansion sale at an auction lights up the market.
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One of China’s biggest economic nightmares seems to be ending: the savage property crunch.
PHOTO: AFP
The Economist
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China’s economy has been through a stress test in the past six months with the trade war shredding nerves.
The tensions over tariffs are not over yet. On May 29, US Treasury Secretary Scott Bessent said that ongoing talks had “stalled” and US President Donald Trump complained that China “had totally violated” the preliminary agreement
