Bunk? A Chinese government official admitted there were way more homes than people in China. https://www.reuters.com/world/china/even-chinas-14-bln-population

Bunk? A Chinese government official admitted there were way more homes than people in China. https://www.reuters.com/world/china/even-chinas-14-bln-population-cant-fill-all-its-vacant-homes-former-official-2023-09-23/ https://www.reuters.com/world/china/even-chinas-14-bln-popul... Housing prices have dropped 30% so far, and the market hasn’t hit bottom. It’s creating a huge drag on people’s savings and the economy as a whole. Not to mention inflating government debt as local governments can’t sell land anymore to developers to fund local spending.