A former Chinese official's dramatic comments are a rare critique of the country's struggling housing market, which has been in crisis since 2021.
  • TranscendentalEmpire@lemm.ee
    2·
    1 year ago

    In a planned economy, it wouldn’t be unexpected to over-build. In fact

    I wouldn’t call that over building though, and that wouldn’t explain hundreds of millions of extra homes. Building that aren’t being used begin to break down quite rapidly.