A lot of money has changed hands in China since 2015 by selling between 20-50 million apartments at pre-construction prices in buildings that were never completed.
Supposedly there are entire cities (ghost cities) that have never been completed.
On the one hand, China's population peaked at 1.4 billion in 2021. On the other, China's population has decreased by ~1.4 million per year during the 3 & a half years since then, primarily due to a birth rate of only 1.1 to 1.2 babies per adult female.
A lot of money has changed hands in China since 2015 by selling between 20-50 million apartments at pre-construction prices in buildings that were never completed.
Supposedly there are entire cities (ghost cities) that have never been completed.
On the one hand, China's population peaked at 1.4 billion in 2021. On the other, China's population has decreased by ~1.4 million per year during the 3 & a half years since then, primarily due to a birth rate of only 1.1 to 1.2 babies per adult female.
