China’s economic struggles, such as an imploding property sector, a regulatory crackdown on big tech, and sluggish consumption, have also weighed on the city’s role as a link to the larger economy up north.
—
Nicholas Gordon,
Fortune,
19 May 2026
But unlike lower-commitment purchases like a car or an air fryer, a house doesn’t come with an owner’s manual, and every hollow whoosh through the vents meant the furnace was imploding or a pipe was bursting.
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