China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
  • RestrictedAccount@lemmy.world
    0·
    8 months ago

    They are not needed. There is no one to live in them.

    They have over a billion excess homes. It was the only thing that normal people could invest in so they just kept building.

    If you bought one as an investment, nobody is going to buy them from you. They are worthless.