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42 sats \ 5 replies \ @Satosora 13 May \ on: China fights against its deflationary spiral econ
Yes, it is very bad. Do you know what they will do with those ghost cities? They should have invested their money wisely, and build as close to the main city as possible. At least that way the houses would actually be used!
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60 sats \ 1 reply \ @TomK OP 13 May
Demolish and build back better
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0 sats \ 0 replies \ @Satosora 13 May
Is it even worth wasting the resources to demolish those ghost cities?
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84 sats \ 1 reply \ @machuPikacchu 13 May
Their central planners have been buying up gold, bitcoin hashrate, and investing in nuclear power so long term there is little risk to their power structure. The average person on the other hand might have problems.
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0 sats \ 0 replies \ @Satosora 14 May
There will be risks when stuff starts to collapse. Their economy is really shaky a the moment.
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0 sats \ 0 replies \ @486DX2 13 May
It's all topsy-turvy, there's so many people in the world who need a place to live and here's a load of nearly completed places to live that will just crumble to nothing. Madness.
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