China Housing Boom Spreads to Smaller Cities, Posing Dilemma

China Housing Boom Spreads to Smaller Cities, Posing Dilemma

Nelson Ching/Bloomberg

Residential buildings stand in Dandong, China. Efforts to rein in property prices have been focused on the nation’s largest urban areas, leaving less affluent cities such as Urumqi in the northwest and northeastern Dandong with surging home values as developers increased building there.