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China's 60 million homes are hard to sell even in big cities

China's 60 million homes are hard to sell even in big cities
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China property: government buying of unsold homes lifts sentiment but is no cure-all for market doldrums, analysts say

Developer stocks rose on Thursday after authorities in Hangzhou announced plans to buy unsold homes, but analysts question whether such aid is the best way to rescue the market.

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China
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Hangzhou
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