Comments by "Kenz300 x" (@KJSvitko) on "China’s First-Tier Cities Doomed! Flood of Jobless Workers Departing, Leaving Mass Homes Unrented" video.

  1. China has more housing units than it has people. The crazy building of apartment complexes has stopped. There are too many empty buildings. Many buildings will never be occupied and will need to be demolished. Building any more buildings is just crazy. China's economy will further decline in 2024. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage.
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