In Inland Chinese Province, Property Bubble Haunts Dreams of Prosperity

In Inland Chinese Province, Property Bubble Haunts Dreams of Prosperity
An overview shows apartment buildings in Xuchang, Henan Province, China on Dec. 14, 2018. Yawen Chen/Reuters
Reuters
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ZHENGZHOU, China—Song Jingyi, a paralegal from a family of modest means in the central Chinese region of Henan, had long dreamed of buying a home of her own in Zhengzhou, the sprawling provincial capital of 10 million where she attended college.

But high prices, and hefty downpayment requirements, meant that dream stayed tantalizingly out of reach.