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Why China needs to fill its empty homes

If not another flat was built and sales continued at their current pace, it would take eight years to sell all the homes lying dormant around Luoyang, a city of 7m in central China. The region is a hot spot for the country’s property crisis, where years of overbuilding have turned entire districts into housing graveyards. Sprawling wastelands of concrete and glass scar the city.

Source: Finance - economist.com

Sin taxes are suffering from a shortage of sinners

Riding growth wave, most Asian central banks to go slower than Fed on rate cuts: Reuters poll