really good thread on the second largest property developer in China I don't know enough to evaluate everything but there are some real sphincter-clenchers herehttps://twitter.com/TheLastBearSta1/status/1417492372573798412 …
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Well... 1st, China real estate is like a bizarro-world exaggeration of what was depicted in The Big Short. There's some reasonable reasoning: hypothetically, US & China have similar land masses and China has 4x as many people. And, "they aren't making any more land"
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But there's the whole "ghost cities" phenom as well as frequently horrible building practices (so I've been led to believe)
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