2026-02-07 18:31 UTC
https://www.reuters.com/world/china/even-chinas-14-bln-population-cant-fill-all-its-vacant-homes-former-official-2023-09-23/
For the housing thing
Replies (1)
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@sunbytes@lemmy.world 2026-02-07 21:20
Super weird. I didn't know about that. Probably the state invested so heavily in the sector that they created a bit of a bubble. Then to have them slow down suddenly would pop it. I think it's wasteful but not as bad as having not enough houses for everyone and a housing market that's sucking most of the populace dry. With a bit of innovation, maybe the market will find a use for all the apartments.