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Housing glut leaves China with excess homes for 150m people

TOKYO -- China is grappling with the aftermath of its bursting housing bubble. Given weak sales and an inventory build-up in the sector, it is now expected to take more than five years for the country to shed excess stock.

As China's housing demand will likely fall further due to a shrinking population and rising living standards, the world is bracing for a surge in exports of cheap building materials from the country.

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