DW Business July 3, 2024
Youve shown who an hours drive from badging. Massive apartment buildings stand like concrete skeletons, 20 floors high. These apartments are supposed to be sold in 2020. Some customers bought them as an investment, but only about 10 percent are currently used. The trading stock moving cuz trucks and debris is everywhere. Buyers in china usually pay for their apartments before theyre even built finance by mortgages. But now around 100000000 apartments. So standing unfinished, the end of a real estate bubble that sa prices, rockets, sometimes double. Now with the chinese economy in prices, the b...