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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The tropical island of Hainan in southern China has long been a place for dreamers. The white beaches, clean air and temperate climates have attracted waves of migrants from the north of the country.
But it has also seen those dreams turn into nightmares. In 1993, Hainan became the site of China’s first property crisis in modern history, following a construction boom…
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