'Buy one floor, get one free': China's real estate slump deepens

Cooling of key growth engine brings risks of debt overhang into focus

20230802N china condo red sign

An advertisement at a condominium project in the Tongling suburbs reads: "buy one floor, get one free." (Photo by Noriyuki Doi)

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Half-built or seemingly abandoned housing projects are a common sight in Tongling, a city in eastern China's Anhui province.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.