@anon
sign up
@anon
sign up
pull down to refresh
53 sats
\
3 replies
\
@Coinsreporter
27 Jun
\
on: China: Industrial Profits Rising, Real Estate Bubble To Be Inflated Again
econ
It still remains to be seen how China sells ghost town houses to public.
https://m.stacker.news/37275
write
preview
reply
100 sats
64 sats
hot
recent
top
11 sats
\
2 replies
\
@TomK
OP
27 Jun
they are blowing up entire cities to adjust capacities. then prices can recover and then the whole construction boom can start again. of course, the massive demographic correction in the country stands in the way of this
reply
42 sats
\
1 reply
\
@wingalt
27 Jun
Sounds like a very fiat thing to do, a bigger version to dig holes to fill them back up to ensure full employment
reply
11 sats
\
0 replies
\
@TomK
OP
27 Jun
That's their strategy... in the long we're all dead...
reply
It still remains to be seen how China sells ghost town houses to public.