The CCP leaders of certain regions and cities are expected to make their economies grow and the easiest way to temporarily make them grow is to build lots of real estate. That's basically the reason why they keep building because their whole system of doing things is stupid.
Just watch some of the videos on "ghost cities" and you'll ask yourself "WTF were they thinking??!!"
The CCP leaders of certain regions and cities are expected to make their economies grow and the easiest way to temporarily make them grow is to build lots of real estate. That's basically the reason why they keep building because their whole system of doing things is stupid.
Here is the original story and it states there are enough empty homes in China to house 3 BILLION people. That is twice the population of China.
https://markets.businessinsider.com/news/bonds/china-economy-banking-system-property-crisis-real-estate-debt-losses-2023-12
And that is just the tip of the iceberg.
hope pooh can swim...they are under water
Good!