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Property

China's cities offer gift cards and tax cuts to revive housing market

Unsold condo inventories reach highest level in over 5 years

Unsold new condominiums in 100 major Chinese cities have reached the highest level since July 2016.   © Reuters

BEIJING -- The southern Chinese city of Guilin announced an unusual incentive to energize its property sector in December: vouchers for not only homebuyers, but also top-selling developers.

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