The numbers will sink in the next 20 years for pretty much all “developed” OECD countries. Including the US, UK, France, Germany… yet how often do you personally write about that problem? When even people like professor Reich of Berkeley mention the 40(?) trillion $ wealth transfer due to shrinking population and that mostly to a small group of population with reduced demand for housing you seem to focus a lot on a country you are not living in.

Do I think China faces challenges? Surely. Do I think the capitalist market oriented parts of it will lead to problems that are integral to capitalist market systems? Sure. The CPC has much more power to act on it though. China is currently able to house its population much better than 30 years ago after the crisis of the fall of the Soviet Union. Germany’s capital is missing 600k affordable flats at the same time.

Lets see how things will play out, but similar articles were published every couple of months for the last 20 something years. That generates sentiment.

You are correct, the “ghost city” claim is about a decade old and in the time since then good functioning cities developed incorporating those infrastructure and urban resources built previously.

Zhujiang New Town for example can house up to two million people (often moving out from the 7-10 million living in the old areas) and while I dislike the urban planing of it, it was once among the foremost called “ghost city” in propaganda, yet it is larger than most cities in most states of the US as example.

I also agree that having too many flats seems to not be that bad a problem to have. Especially when 2‰ of the US are unhoused - even though there are millions of empty flats.

Touch grass, you project stronger than the Leica Cine 1. If the admins would do your job your comment would be deleted already. Click my link, does that look like there are often news about crisis that don’t come to fruition? Sure does. Do you disagree with the book you can receive from Springer Link?

While property dealings can have effects (look at my link at see at 2008/9 how impactful the financial crisis from the US was even for China), the article doesn’t manage to break beyond the general sentiment. Articles like that are often followed by high noise low signal comments which mirror sentiment of the user base, in this case mostly US dwellers that are underemployed. So a bit Sinophobia is expected, likely with topics related to property, so “Ghost cities”, “expropriations”, “shady construction” while using standards the people don’t actually hold up in regards to their own countries.

https://trends.google.com/trends/explore?date=all&q=china crisis

Seems China is always in Crisis according to Western news. The consequences seem to not be there though.

Instead wages increased threefold within ten years. It is funny that the Isle of Man got the most searches for “china crisis”, I would guess cause it is a tax haven and therefore sensitive to such “news”?

Without joking, China did manage to succeed through ten crisis and you can read Wen Tiejun’s book about it

Wasn’t it basically trying to push IP rights and extra judicial arbiters on the other nations?