Economics
Wen Eases Off as China’s Cities Seek to Revive Home Sales
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Liu Xuejun, a building-equipment dealer, couldn’t restock his Shanghai showroom fast enough in 2009 as he sold an excavator every three days. Now he might wait six months between sales.
“Scheduled property construction work just doesn’t kick off,” said Liu, 41, as he stood amid dozens of yellow excavators and wheel loaders in the showroom of Shanghai Wo You Construction Machinery Co. on the eastern outskirts of the city.