Wang Li, a property agent in Haikou, explains that potential buyers and developers are involved in a standoff in the city.

海口的一位地产中介王丽(音译)解释道，该市的潜在买主和开发商陷入了僵持。

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"You can't be too aggressive because your customers won't like that, " Li explains.

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Li explains that borrowers must pay not only interest but principal on every monthly payment. (Bank loans first charge interest and then principal).

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Now, explains Mr Li, the state buys at 42 won and resells at 46 won.

ECONOMIST: North Korea