>>They've built housing for 3 billion or so people, which nobody will ever use.
> Planning for future capacity is a mystery to English speakers for some reason.
There was no planning involved, it was just a housing-bubble which busted some years ago and devastated some companies along the way. USA had this in 2008 too.
Also, do you seriously think china will reach 4+ billion citizen in the next 10 years? They have less than half of this now and aim to have even less.
> Have you ever looked at the five-year plans the Chinese government publishes? It's quite interesting how much of their economy is planned in advance.
Yes, it is, and so do other countries. And all those plans are also struggling and failing regularly, in all countries. China is overall as good or bad as every other country in what they are doing, it's mainly their situation which makes a different in the outcome.
There was no planning involved, it was just a housing-bubble which busted some years ago and devastated some companies along the way. USA had this in 2008 too.
Also, do you seriously think china will reach 4+ billion citizen in the next 10 years? They have less than half of this now and aim to have even less.
> Have you ever looked at the five-year plans the Chinese government publishes? It's quite interesting how much of their economy is planned in advance.
Yes, it is, and so do other countries. And all those plans are also struggling and failing regularly, in all countries. China is overall as good or bad as every other country in what they are doing, it's mainly their situation which makes a different in the outcome.