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Property

Shenzhen housing crackdown creates flourishing black market

Below-value price cap leads to listings disguised as fruit and other loopholes

Shenzhen, home to many of China's leading technology companies, imposed price caps on many housing complexes in February.   © Reuters

GUANGZHOU -- A 1 million yuan banana?

In early May, one real estate brokerage in a bustling Shenzhen neighborhood put on its window a list of what appeared to be fruit prices.

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