I have a distant relative who is a developer in southern china and told me that he has been so busy he has no time for himself; He bids on land sold by the gove

I have a distant relative who is a developer in southern china and told me that he has been so busy he has no time for himself; He bids on land sold by the government, hire people to build an apartment on the land and the apartment gets sold out before it even finishes building! So, he then has to keep moving on to building new apartments. Those ghost towns will keep springing up if there is nowhere for investors to put their money. Where else can they put it? There is basically negative interest rate with inflation being so high. If you were given a million yuan you wouldn't know what to do with it except to a. spend it or b. buy a house or stocks with it.