• nekandro
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    3 months ago

    A property glut? Look at China’s urbanization rate. A short-term oversupply is easily consumed by increasing urbanization. You cannot apply the American model to an economy in a different state of development.

    • HobbitFoot @thelemmy.club
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      3 months ago

      This has been an internal Chinese determination. China has stopped building large skyscrapers and mass transit with this being determined on the national level since pre-Covid.