205
China's 1.4 billion population isn't enough to fill the country's empty homes, former official says
(www.businessinsider.com)
this post was submitted on 24 Sep 2023
205 points (91.8% liked)
World News
32323 readers
844 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That is a very good point. I still find it hard to believe that they are making the best use of labor and materials with situations like this:
Is anyone? If I have to choose between "housing shortage" and "housing surplus" I know which society I would prefer.
Sure. The point I was trying to make is that society might be better served by allocating resources to building hospitals or schools or something the community needs instead of housing that the community does not necessarily need because there is already a surplus of housing.
China isn't really limited by construction resources. There's a heavier constraint in terms of hospital staff and teachers than there is on construction resources.
Maybe they aren't running out of concrete and steel, but they are taking out loans for these construction projects.