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As China Pops Its Housing Bubble, Car Sales Soar 29%

Late in September, we showed a viral surveillance video from inside new construction in east Hangzhou, which captured the sheer buying frenzy and panic, prompted by the new purchasing restrictions set to be unveiled just days later which would prevent people born outside Hangzhou from buying more than one property. The crackdown on China's latest housing bubble takes place as local home prices rose 9.
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