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And yet China keeps populating these “ghost towns” over and over again. Almost like the term is nothing more than a xenophobic, alarmist misnomer.
5 points
If this was five years ago, I’d agree with you. But the Chinese national government has been clamping down on new construction for the past few years. China is also experiencing almost no population growth.
There was always going to be a time for China to stop building housing because the supply would eventually outstrip demand. Now seems to be near that time.
