In China There’s Not One City Without Terrifying Stretches Of Empty Houses
By Anne Stevenson-Yang
Reality and economic analysis in China seem to have grown far apart. But, given confusion even within the Chinese government between economic data and investment promotion, ideological polarization over simple questions like “Is the economy growing?” may be inevitable
To some of us, it is almost unfathomable that the in a recent report, could write: “There is currently a supply crunch of homes in major cities like Beijing and Shanghai, which is in turn leading to fast-rising property prices” or that could link the sentence: “China needs more housing.” The reality of eyes and ears and common sense is quite different.