cross-posted from: https://lemmy.zip/post/48819026

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[+] 0 points 1 year ago (1 child)
  • [–] 1 point 1 year ago

    Housing bubble. China screwed up so bad speculating investments in housing that they literally created ghost towns. Not a ghost town, multiple ones - domestic and foreign.

    They had no choice but to say that because their attempt at it failed horribly.

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