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I watched that.
Interesting thing is... there's lots of people there with savings. They're trying to find places to park their money - but their local banks give low interest, they cannot easily invest overseas (besides.. the yuan will eventually rise), and their newish share market is a shark pool. (My gut feeling).
So many people put money into buying an apartment.
Meanwhile, as I understand it, corrupt officials give out lots/land to developers who build+onsell them. And... prices may collapse.
It's a sad/difficult/scary ride for the average person. That's how I understand it. And I know I'm making a judgement based on reading articles by people who've touched the tail of the elephant.... so this is "bullshit" speculation on my part - and is probably completely wrong.
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