- China will make sure it meets the social housing construction targets set this year
- State council will offer more subsidies to social housing constructors and conduct inspections of projects
- Will widen some permits for foreign investment
What China needs is plenty more social housing to be built so that other entire cities can remain empty.
China’s ghost towns: New satellite pictures show massive skyscraper cities which are STILL completely empty.
The story is a couple of years old but they said back then that they will continue to keep building. I’d expect US exports of old fashioned tumbleweeds to China to boom.
This story is always in the back of my mind when anyone mentions increases to Chinese resource and commodity buying.