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China's 1.4 billion population isn't enough to fill the country's empty homes, former official says
(www.businessinsider.com)
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this post was submitted on 24 Sep 2023
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And yet China keeps populating these "ghost towns" over and over again. Almost like the term is nothing more than a xenophobic, alarmist misnomer.
If this was five years ago, I'd agree with you. But the Chinese national government has been clamping down on new construction for the past few years. China is also experiencing almost no population growth.
There was always going to be a time for China to stop building housing because the supply would eventually outstrip demand. Now seems to be near that time.