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China’s Problem With Unfinished Homes Keeps Getting Bigger

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Updated Nov. 19, 2023 12:01 am ET

China’s housing market has a big problem: millions of unfinished homes that were sold but not delivered.

Solving that is crucial for a recovery, but the problem keeps getting bigger. More property developers are defaulting on their debt and adding to the logjam of construction delays and stalled residential developments across the country. 

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