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China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
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.
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.
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.
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.