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Chinese dream of home ownership defies fear of rude awakening

An old-fashioned cooking stove gathers dust in this two-story mud-walled farmhouse.

SHANGHAI -- China's real estate binge has left it with a stock of unsold homes so big that their combined floor space is the size of Singapore. How did things get so bad? And how can the housing market's precarious balance of supply and demand hold?

Hoping for something

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