China's property crisis deepens as another huge developer risks default | CNN Business
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Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

  • renownedballoonthief@lemmygrad.ml
    1019·
    2 years ago

    Your propaganda is a decade out of date. If you actually read the article, the current issue is that a lot of people aren’t receiving the housing they prepaid for.

    Aside from that, I’ll take “too much housing” over the hell world of trying to find a place to live in the US any day of the week. The ghost cities complaint always seemed like coping to me.

    • tron@lemm.ee
      83·
      2 years ago

      Tankies are really one to talk about Propaganda. Go away!

    • VolatileExhaustPipe@lemmygrad.ml
      84·
      2 years ago

      You are correct, the “ghost city” claim is about a decade old and in the time since then good functioning cities developed incorporating those infrastructure and urban resources built previously.

      Zhujiang New Town for example can house up to two million people (often moving out from the 7-10 million living in the old areas) and while I dislike the urban planing of it, it was once among the foremost called “ghost city” in propaganda, yet it is larger than most cities in most states of the US as example.

      I also agree that having too many flats seems to not be that bad a problem to have. Especially when 2‰ of the US are unhoused - even though there are millions of empty flats.