By Michelle FlorCruz - Every month, the agents at a small real estate office in Ningbo, China -- a booming coastal city south of Shanghai -- gather to discuss their so-called “trouble projects,” meaning developments needing an extra push to fill vacancies.
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In Ningbo, as in many medium-sized Chinese cities, more and more projects are looking like trouble, threatening the health of developers, the banks that have financed their undertakings and, perhaps, the state of the economy in the world's most populous nation. The situation has gotten so intense that real estate agents are going to extraordinary lengths to persuade people to buy.
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