One thing I don't understand, how is it possible that China cannot fill its so called vacant homes with 1.4 billion people when its just 65% urbanized. And even out of this 65%, only 50% have actual city hukou. the rest are migrant workers who are too poor to buy a decent home. China should get to 85%+ urbanization similar to Japan and Korea eventually. So, where will all this huge number of people live?
Moreover, most of the China's poor people live in really bad quality houses. This is how it usually is, poor countries have poor quality houses that lack amenities or in rural areas or too small.
The more wealthy China gets, the more people will buy
bigger homes, more advanced houses, people move out to suburbs and so on. And yet, supposedly this is it for China and it cannot fill its vacant homes.
It boggles my mind how a so called former official can make comments like this. Is this guy a closet pro-western stooge?