China's smaller cities face yearslong housing glut as sales languish

Country Garden, Evergrande pay for aggressive regional expansion

20240219N China housing

A Country Garden Holdings showroom in Shaoguan was short on customers during the Lunar New Year holiday. (Photo by Takashi Kawakami)

TAKASHI KAWAKAMI, Nikkei staff writer

GUANGZHOU -- Smaller regional cities are dealing with the worst effects of China's housing market woes, as years' worth of excess inventory weighs heavily on the private developers that have focused on those areas.

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