Via Zero Hedge: Beijing has been trying to calm its bubbly real estate market with policies that divert investor funds into China’s rental market. But the policy shift to increase the supply of rental housing has backfired, leaving most middle-class Chinese with a rapid increase in living expenses. The reason: the government’s latest centrally planned
The post Chinese rents soar as apartments to Mars stand empty appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]