So, what's the problem? The problem is the difference between quantity versus quality GDP. China is a command economy, where the Chinese government can dictate how resources are spent. In order to meet their government's GDP targets, local governance build and build cities. While this is the easiest way to grow a country's GDP, it is not a stable, long-term form of GDP. The fact that these complexes are selling at prices nobody in China can afford and have been sitting empty for years, means that sooner or later, a complete economic collapse -- and maybe unrest -- will be the result.
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