Wenzhou Housing Suffers Crushing Price Drop
Once China’s most popular hub for real estate investment, the coastal city of Wenzhou has seen a significant drop in housing prices in recent months.
A boy looks at building models in a housing exhibition on Nov. 29, 2008 in Wenzhou of Zhejiang Province, China. Real estate prices have dropped precipitously in the city recently. China Photos/Getty Images
By Gao Zitan
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