China had 718 million square metres of unsold commercial housing space at the end of last year, 15.6 per cent more than in 2014, data shows. Photo: AFP

Why China’s policymakers are caught in a property double bind

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China had 718 million square metres of unsold commercial housing space at the end of last year, 15.6 per cent more than in 2014, data shows. Photo: AFP
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