China
China
Out of context: Reply #605
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"'Ghost towns': Evergrande crisis shines a light on China's millions of empty homes"
"Mark Williams, chief Asia economist at Capital Economics, estimates that China still has about 30 million unsold properties, which could house 80 million people. That's nearly the entire population of Germany.
On top of that, about 100 million properties have likely been bought but not occupied, which could accommodate roughly 260 million people, according to Capital Economics estimates. Such projects have attracted scrutiny for years, and even been dubbed China's "ghost towns."
Here's a look at some of those projects, and how the problem first originated."
- One way to funnel money out of the west.
Cardboard houses for "investment".toemaas - @toe Chinese people have very few investment options, it's by design/law********
- One way to funnel money out of the west.