Why 50 Million Chinese Homes are Empty
PolyMatter · 3 HN recommendations
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PolyMatter explains China's housing bubble and why around 50 million homes sit empty. It covers cultural and economic reasons behind the overbuilding and the government's bind.
Why HN recommends it: Recommended as a clear, compact explainer on China's empty homes, ghost cities and property troubles.
“it explains clearly (for a complex situation) what's been going on in China's real estate, the 'ghost cities' and the demolitions.” Read on HN ↗