Americans who see China’s miraculous growth and magnificent urban towers as a model for these United States seem blissfully unaware of the vast number of Chinese structures built but never occupied, often never even finished. They’re funded by the life savings of ordinary Chinese citizens. How far can the communist government inflate the real estate bubble before it bursts? Some small protests have begun, but the autocrats know how to shut that down, using COVID-19 protocols.
[See illustrated transcript by Member Sandy Van Heest below.]