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Minsky’s nightmare: China’s 65m empty apartment problem

February 15, 2019 - 13:00 -- Admin

Via Nikkei: A massive building boom across China, including in tier-two cities like Jinan, has left as many as 65 million empty apartments across the country, according to estimates by Gan Li, a professor at Southwestern University of Finance and Economics in Chengdu. Sales volumes in 24 cities tracked by China Real Estate Index System fell

The post Minsky’s nightmare: China’s 65m empty apartment problem appeared first on MacroBusiness.

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