China suffering from housing crisis



The housing industry has been a large driver of China’s economic growth, but strict COVID measures put in place have seen a drop off in confidence, leaving many projects unfinished.

Read more here: https://news.sky.com/story/crisis-hit-city-reveals-how-cruel-chinas-housing-boom-can-be-with-potential-to-drag-down-entire-economy-12824727

#skynews #china #housingcrisis

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19 thoughts on “China suffering from housing crisis”

  1. Coming from a western country, this report is pretty rich. Can western news outlets shut up about China for a mere moment and talk about how bad things are in their own countries? If the NHS were privatised, Sky would report on how monstrous it is that China was privatising its healthcare system. I'm surprised American news hasn't found a way to report on a chinese gun violence epidemic yet. The irony is literally killing us.

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  2. China's housing problem is no worse than UK or US. Western media always likes to pick one individual Chinese problem case as if it is the universal problem. The narrative is always very misleading. The truth is China's home ownership is over 90% which far higher than most onther countries.

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