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Rekindled love for concrete gold

Market leaders tended to exaggerate: “Metropolis Evergrande” is the name of this settlement in Jiangsu.

Just a year ago, the Chinese leadership had warned developers and investors: “No more excesses.” State and Party leader Xi Jinping himself reprimanded them: “Houses are for living, not for speculating.” But there is no sign of the supposed turnaround toward moderation in the real estate market. The government is falling back into old patterns and reigniting the spark in the housing market.

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