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Beijing and local cities in tug of war over real estate policy

Discord over housing deregulation reveals competing priorities amid coronavirus

A man rides a scooter past apartment highrises that are under construction near the new stadium in Zhengzhou, Henan province.   © Reuters

GUANGZHOU -- A tale that goes back to China's ancient Han Dynasty talks of farmers troubled by inconsistent government orders. A famous proverb describes directives sent out in the morning being changed by sunset.

Home buyers in China today may have a sense of deja vu.

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