Residential buildings line the streets of Wenzhou. The prices of properties in the city have fallen sharply in recent times. Photo: Imaginechina

Wenzhou a case study of a property market taken over by speculators

Slide of the city's embattled property sector provides policymakers with a sobering view of what can happen when speculators take control

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Residential buildings line the streets of Wenzhou. The prices of properties in the city have fallen sharply in recent times. Photo: Imaginechina
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