This video speaks volumes about the oversupply in China's housing market. 15 tower blocks in Kunming 昆明, the capital of Yunnan province, were demolished last month after sitting unfinished for eight years.
https://twitter.com/evolusibina/status/1435066156822368261/video/1
Meanwhile China’s largest property developer Evergrande is warning it could default on its $300 billion of liabilities as it struggles to cut costs or sell assets. The company’s Shenzen headquarters was besieged by investors and bondholders last weekend 🇨🇳 edition.cnn.com/2021/09/14/inv…
also h/t @evolusibina for the video above. A Malaysia-based platform, it shares great content on the construction sector.
Good analysis of China’s property market overhang by @FT China economics reporter Sun Yu. ft.com/content/bbc5c5…
Paradoxically, the city of Kunming where these tower blocks were demolished, is hosting the #COP15 biodiversity summit next month (11-15 October) ft.com/content/1f00c0…
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