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There are videos online that show the deplorable construction standards used in some of these houses.
by secondcoming 3y ago
There are videos online that show the deplorable construction standards used in some of these houses.
- Gareth321 3y agoYeah many of these apartment buildings are so bad no one can move into them. They're often demolished a few years later. Construction standards just don't exist in China, and people are forced to continue paying mortgages on these properties under threat of prison. Given this extraordinary position of power and laissez-faire, the major construction companies have been way over-leveraging. Most analysts are confused as to why it has taken so long for the industry to collapse. The prevailing sentiment is that the government keeps stepping in every time another company is ready to fall. Eventually the government will just own all the construction companies directly, and the CCP has a poor investment and management track record.
- IG_Semmelweiss 3y ago>>>>deplorable construction standards used in some of these houses. I read "deplorable construction standards in some of these tree houses. " I was about to question your statement...