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A Prolonged Housing Crisis in China: The Ticking Time Bomb
The Chinese economy is facing an alarming housing crisis, with repercussions extending across its entire economic landscape. Reports indicate that the country's real estate market, once a powerful engine of growth, is now a significant risk factor. Young people are increasingly migrating to poorer regions in search of affordable housing, as the current property slump continues to escalate. The prevailing atmosphere evokes the image of a ticking time bomb, with dire implications not just for the housing sector but for China's economic stability as a whole.