They didn't just over develop. There's a nation-wide real estate investment ponzi going on in China. Literally building uninhabitable towers for the sole purp

They didn't just over develop. There's a nation-wide real estate investment ponzi going on in China. Literally building uninhabitable towers for the sole purpose of being a counterfeit "deliverable" of "real estate" as an "investment". It's a financial markets regulatory problem, not a "we accidentally built too much useful real estate" problem.