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The Big Story

China's housing glut casts pall over the economy

A building binge leaves cities with 65 million empty apartments

KENJI KAWASE, Nikkei Asian Review chief business news correspondent | China

TOKYO/HONG KONG -- For many single men in China, buying an apartment is a prerequisite for marriage. Yan Zhong, a 34-year-old resident of the northern city of Jinan, has hopes to do both. But lately, he has started to have second thoughts -- at least about buying the apartment.

"I'm considering holding back on my house purchasing plans for a while," he said.

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