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In Reply to: Sure, I've saw some 'ghost cities' with my own eyes posted by Feanor on May 4, 2024 at 05:29:34:
One being the typical Chinese don't trust the Chinese stock markets, (with good reason)...Good reason!
Massive defaults by contractors leaves Chinese "investors" without completed homes to actually live in.Very different situation here.
As for EVs, overproduction (and product dumping) as I've mentioned before remains their ruse.
"China's production capacity for new energy vehicles in 2025 is expected to reach over 36 million vehicles when the plans of automobile companies and local governments are combined. Sales that year are expected to be around 17 million vehicles, creating a nearly 20-million-unit surplus."
Edits: 05/04/24
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Follow Ups
- RE: Sure, I've saw some 'ghost cities' with my own eyes - E-Stat 07:01:56 05/04/24 (1)
- Well China certainly has over produced real estate - Feanor 07:00:46 05/08/24 (0)