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https://www.wsj.com/articles/chinas-state-owned-property-developers-shun-private-sector-deals-f18c946d
When China’s private real-estate developers started sliding into distress more than a year ago, the government encouraged state-owned property companies to step in and take over their ailing peers’ projects and assets.
That call has gone largely unheeded—a big reason why the country’s housing market remains in the doldrums.
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