Crisis-hit city reveals how cruel China's housing boom can be - with potential to drag down entire economy

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Crisis-hit city reveals how cruel China's housing boom can be - with potential to drag down entire economy
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Many people did a deal with a developer to exchange their land for new homes in high-rise tower blocks - but eight years later, with their old properties long gone, they are still waiting.

Here the elderly and more vulnerable can live while they wait, but the younger and more able have to rent elsewhere.Helen-Ann Smith speaks to single mother Wang Fong and her mother The space they have here is small, there is only space for the two grandparents and occasionally one of Wang Fong's sons.

It has mould growing all over the walls, it has rats, she says, and is significantly worse than what they gave up."Places like ours, the more you develop it, the poorer it is."She is a single mother, struggling to find work who now needs to care for both her children and her ailing parents."We have no idea how many more years we have to wait," she says."Of course I'm anxious.

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