China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing.

Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market.

China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group (3333.HK) defaulted on its debt obligations following a clampdown on new borrowing.

Big-name developers such as Country Garden Holdings (2007.HK) continue to teeter close to default even to this day, keeping home-buyer sentiment depressed.

As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show.

That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

  • Lemminary@lemmy.worldEnglish
    1·
    9 months ago

    Then why the need to denigrate the US and insist that there are active genocides without providing evidence? This isn’t about educating anyone, it’s about supporting your own claims. Very sus.

    • Serdan@lemm.eeEnglish
      1·
      9 months ago

      No, it’s about demonstrating your ignorance of reality due to propaganda.

      Besides, it’s obvious from your tone that you’re going to dismiss anything I say. Why should I waste my time on that?

      • Lemminary@lemmy.worldEnglish
        1·
        9 months ago

        Then demonstrate it if that’s the whole point. Is it that time consuming to copy and paste a URL from your history?

        But no, you’re just gonna bail at the first person pressing you for sources. Not a good look.

        • Serdan@lemm.eeEnglish
          1·
          9 months ago

          Your answer to why I should waste my time seems to be that it would definitely be a waste of time.

          What you’re not grasping is that I don’t owe you anything. I’m satisfied that you’re profoundly ignorant.

          Lose the attitude and maybe I’ll humor you, but until then adios.

          • Lemminary@lemmy.worldEnglish
            1·
            9 months ago

            Lol Look at all these excuses and assumptions and now insults that you’re making trying to wiggle out of it. Now it’s clear to me that you’re just making shit up and that you’re trying to hide the fact that you got nothing.

            Whatever point you thought you were making, you have made the opposite of that. I asked in earnest with an open mind but not so open that my brain falls out at your word. Now I must ask: are the current genocides in the room with us right now? 😂

            • Serdan@lemm.eeEnglish
              1·
              9 months ago

              You have not at any point been earnest. If you had you wouldn’t need me to spell it out for you. Either that or you’re just so ignorant it’s offensive.

              Riddle me this, dipshit: when did the genocide of Native Americans end?

              • Lemminary@lemmy.worldEnglish
                1·
                9 months ago

                Either that or you’re just so ignorant it’s offensive.

                Then educate, dipshit. You sure talk a lot but show nothing for it but instead you spread your fucking propaganda and lies. You had your chance to shut me up and yet here we are, with you running around in circles wasting more time trying to hide instead of simply pasting a simple URL but you’ve refused. How’s that for “wasting time,” asshole.

                Riddle me this, dipshit: when did the genocide of Native Americans end?

                You tell us. It’s your fucking point I’m not gonna argue it for you. Ever heard of the burden of proof? Now’s the time to learn. Talk about ignorance.