When your housing inventory is located on no mans land, and your economic policy is largely built on top of assumptions that housing should be an infinitely-app

When your housing inventory is located on no mans land, and your economic policy is largely built on top of assumptions that housing should be an infinitely-appreciating asset (instead of a depreciating asset, like any other hars asset) , then you end up with china prices. And I'm not even mentioning the fact that the Chinese birthrate decline is so precipitous that their current population is expected to half by 2100. The chinese market of housing does not reflect real supply or prices. It instead reflects bad incentives and an economic bubble propped by the centralized state