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53 sats
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3 replies
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@Coinsreporter
27 Jun
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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.
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@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
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42 sats
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@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
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@TomK
OP
27 Jun
That's their strategy... in the long we're all dead...
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It still remains to be seen how China sells ghost town houses to public.