2026-09-19 07:10 UTC
Please explain where China is failing their citizens? We cannot even afford houses in the West anymore, while they have 95 % homeownership rate in China. And there are many more examples like that.
Replies (1)
-
@Gladaed@feddit.org 2026-09-19 07:22
China’s domestic consumption is very low, their exports are much greater than their imports, i.e. they provide the world with goods without sufficient compensation. Their population should be doing better and being wealthier. Their consumers are using real estate as an investment vehicle creating an enormous housing bubble. Home ownership is ridiculously expensive and there are mostly very small apartments at high rates. They are famous for constructing highly speculative ghost towns. As soon as the promise of wealth in age starts to falter china may change fundamentally. And it seems like that may be coming soon rather than later.