A former Chinese official's dramatic comments are a rare critique of the country's struggling housing market, which has been in crisis since 2021.
  • freagle@lemmygrad.ml
    75·
    9 months ago

    65M is what percentage of 1.4Bn? It’s about 5%.

    5% oversupply is pretty reasonable, especially given that the housing isn’t fungible and the populations are more mobile than the houses are.