Well, that’s something I didn’t know. According to this article at Bloomberg, 30% of apartments in China are vacant. I’m not sure how anyone knows what the vacancy rate actually is. I’m pretty confident that if reports that it’s 30% get out at all, it’s at least 30% and could be much higher.
Note: China’s working age population has already peaked.
It’s deceptive. There is not enough housing in the tier 1 cities Beijing, Shanghai, Guangzhou, Shenzhen, but excessive housing in the tier 3 cities.
It also does not account that a significant amount of the housing stock is > 20-25 years old, ie built to for much lower incomes and likely need to be rebuilt soon.
A declining population and a declining GDP are good things as long as per caput GDP doesn’t also fall.
al fin has another anti-Chinese tirade re China’s economy. China still has a command economy, and China’s various problems are less serious than similar problems would be in the US and EU.
cf. Japan.