Behind China’s Latest Property Boom: Doormen and Gardeners

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The rally in shares of property-management companies contrasts with difficulties in China’s far bigger real-estate-development industry

The rally in property-management companies contrasts with difficulties in China’s far bigger real-estate-development industry, which has suffered as the

pandemic disrupts sales and authorities take a tougher stance on debt. Measured by floor space, residential sales in the first eight months of 2020 were down 2.5%...

 

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