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Residential buildings under construction in Anyang, Henan Province   © Reuters
Economy

How the one-child policy fueled China's property bubble

An overabundance of suitors has made owning a home crucial to courtship

XIAOBO ZHANG | China

In some Chinese cities, housing prices have jumped tenfold over the past decade. They appear to be rising too fast relative to income growth: Home price-to-income and home price-to-rent ratios in major urban areas are now much higher than in developed countries. Yet China has one of the highest rates of home ownership in the world.

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