China Wants to Rescue its Housing Market. Will Beijing Succeed? | Vantage with Palki Sharma

China Wants to Rescue its Housing Market. Will Beijing Succeed? | Vantage with Palki Sharma
With more than seven million homes sitting empty, China's housing market is in a dire need of a rescue. Today, Beijing finally decided to pull the trigger. Chinese authorities have announced a broad rescue package - which lowers the down payment requirements and encourages local governments to buy unsold apartments. Will the plan work? Some experts are skeptical. They feel Beijing won't have enough money to help all distressed developers. Palki Sharma tells you more about the growing crisis within China's property sector.
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China | Property Sector Crisis | Rescue Package | Communist Party | Beijing | Xi Jinping | Stock Market | Empty Homes | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #propertysector #propertycrisis #rescuepackage #communistparty #xijinping #stockmarket #empytyhomes #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[@senm6115]

And yet they're making houses on the border with India😂😂😂. If no one stay in the homes built within China, whose gonna stay on the borders.

[@shivanshwadhwani4417]

The PLA stays in those houses, or Rangers.

[@sew_gal7340]

They do that to secure their borders in case of a war, if they hypothetically invade taiwan it makes sense to have troops on the borders so india or other countries dont move their troops towards those regions. Theyre gonna need to secure all of their bases

[@msdolly6101981]

You mention china, comment section is full of bots 😅😂

[@user-tb5uq7wc3f]

You are one you are here bot

[@prajwal1341]

Wumaos everywhere 😤😤

[@sudhir4274]

​@@user-tb5uq7wc3fwon't get any cent for such comments.👻👻👻😎

[@kevinmorton3167]

Newest Taliban 😂

[@RohlatKapcak]

Go away baljett

[@kotrikemadhusudan4546]

What on earth made them to construct that many houses.

[@timmyg44]

a ponzi scheme that was in full swing is what. houses were being bought up and then spun after appreciation jacked up the sale price.

[@edwardflynn2961]

they bought homes as investment , if the economy still soaring up then the price will still rise ,unfortunately not

[@grahamashe9715]

I guess the planet can accommodate A LOT more people than we are often led to believe.

[@mamjads5350]

Wow what a calculation. 7 million home. If every home has 5 members it means 35 million resident. Lol. 3 billion by your estimate.

[@rajadhirajmaharaj]

3 people in 7 sq ft it seems. Idk who calculated these stats or how. Lmao

[@neil9556]

India will also have empty flats in cities since the prices are sky rocketing at such a rate. No middle class people can buy in cities without burning a hole in the pocket.

[@karanmadan1048]

Already have,they are using it for holiday stay or rent.

[@greysonsakala7878]

Hey, could you correct the narrative!! 5 million homes can accommodate 5milion households or 15 million pipo not the bilions you stated

[@navinbhatia9936]

Chinese bots or trolls Just shut up .India built 70 million homes for the poor in the last 7 years India needs only 300 million houses. & India currently Has 260 million household .

[@YouCantHandleTheTruth.]

BULL fooking shyte! Article: *Govt Building Homes That Poor Do Not Want* _"Over 10 years, the central government spent Rs 21,482 crore ($3.2 billion) building houses for the urban poor but 23% of them are vacant, according to this May 2016 answer to the Lok Sabha (lower house of Parliament)."_ _"The information that 238,448 of 1,032,433 houses built are empty comes at a time when the proportion of Indians living in slums has risen over five years from 17% of the urban population to 19%, according to official data, and 19,000 of 33,000 slums are not acknowledged by the government"_ _"In spite of the continuous efforts by the government, slum dwellers are reluctant to move to the houses built by the government due to lack of proper infrastructure and means of livelihood,” the statement to Parliament said, explaining further that the new houses often lack electricity and water, cheaply available--often through illegal connections--in slums. The new houses are usually not close to workplaces, the ministry acknowledged."_

[@tarunika983]

But still people are sleeping in roadside and Railway stations...stop been more Biased...

[@huatlam8752]

You can't even build a toilet for $48 dollars.😂

[@Rav01508]

#111 in Hunger index #161 in Freedom Press index #126 in Happy index #139 in GDP per capita #134 in HDI index #148 in Women, Peace And Security index #126 Global Peace Index #127 Global Gender Gap report #103 Global Talent Competitiveness index #80 Henley Passport Index 10% earn

[@brck888]

Then why are there at least tens of millions of Indians living in slums or on the streets who do not live in houses because they prefer to live in slums?🤣🤣🤣

[@jameskoh7991]

Yes

[@dragonred3576]

She tells the truth.

[@ghosthdel3098]

no she doesnt. are you lying to yourself again? hahahah

[@dibbyo456]

Palki used to be unbiased, but now she is just bootliker of modi like rest of them.

[@masekoromeo7919]

Is it a problem to have more accommodation or to have none?

[@truthfinder8652]

When will our govt. Work on building houses for everyone? Indian govt. Needs to put a cap on Property prices. But i guess, corruption doesn't let them to..

[@leodeldominguiano2162]

Eventually it will happen in philippines as well, too much vertical housing development for high prices and high interest loans/mortgage and the people can't afford it anymore, and most of them force to listed their property airbnb to sustain the payments

[@user-hu1tj6xu1h]

With 1.4 billion people in China, real estate is far from over. Urbanization has not ended, the end of real estate and urbanization, China can enter the era of consumption.

[@Mr.Monark]

Enuff about China, Getting sick of all these News😭😭😭😭. Plz just leave them alone.

[@mengistuch2]

Yes, you are right. Better check indian housing market & the economy.

[@strawmanfallacy8666]

Then don't watch. Stop acting entitled

[@shawnb3486]

Easy don't click any link which says china but everyone wants real news on what's going on there not fake news from global times ...

[@phillipchan6919]

The cost of building house is lower exponentially when production high. China has broken the cost threshold of house building by mass production. Cost threshold is the reason China kept building house.

[@user-ru3lq2lw3e]

too many houses with no one living in it. while in usa many people are without homes living in the streets. in a more sensible point of view china is doing better than usa

[@arunkottolli]

In such an economic environment, it’s best to wait for government to buy these unsold homes and buy them later from government At throw away prices.

[@timmyg44]

The local govts, which have been ordered by Beijing to purchase these properties, are broke.

[@shahreyarcool311]

They Can Convert In greenery

[@cnsastry]

How can 3 Billoin people be accommodated in 7 billion sqft? 2 sqft per person? With 7 Million empty homes, the estimate could be about 28 Million people with 4 people per house. Please check the figures.

[@joet5713]

Never trust what India and it western allies talk about China

[@allynourdin3667]

Apartments

[@Goodfellow1234567]

It's exaggerated, they don't have that many empty apartments.

[@xdgao3015]

maybe in Indian it is 2 square foot per person.

[@rdfmayGodFF]

加油，女士！ 看你的新闻是我最大乐趣

[@shankhadeepbagani1098]

At least their government have plan our government is busy filling their pockets

[@martinbevk1695]

They will summon 3 billion new citizens?!?

[@martinshabalala4525]

Would be nice if India 🇮🇳 can build homes like this for the change for their citizens

[@deebil8099]

Did you not understand the video? They are just giving them loans to finish building the homes that they already took the customer's money for. All the customer's money have been spent on hookers and yatchs while the poor Chinese people can't even get the overpriced tofu apartment they overpaid for😂

[@randhirposwal6549]

Our responsibility is to take that back, not to accuse our predecessors always, and get away. It's easy way to do.

[@xueminghuang2564]

Just make sure you have enough homes for your people, perhaps a bit too many homes is fine. Then we talk about Chyna

[@dipsth]

How can 7 million homes accomodate 3 billion people?! Incorrect

[@rinku300]

Do people live single in house.. many flats are 5bhk+ so 5 ,6 members can live easily there

[@vethaiyabalasubramanian]

Building excess infrastructures and housing is a problem for any country. China is no exception. Supply must be balanced against demand for any sector to be sustainable.

[@phillipchan6919]

China has over production because the cost is exponentially low when production is high. This is the reason China keep building houses to reduce cost.

[@RenupriyaJaiswal]

​@@phillipchan6919 but why unnecessary building?

[@phillipchan6919]

@@RenupriyaJaiswal To drive to cost down, to keep building experiences, to keep skills sharpened. You need some manufacturing knowledge to understand mass production costs against low production cost.

[@henrilewkowicz6047]

what is worse , spending 13 billions for an ,,,,,aircraft carrier or buying 13 billions worth of appartment .

[@HisShadow]

That depends. If the 13 billion dollars on apartments that aren't needed by the market and stand empty don't have any economic or practical purpose. Given the history of poor craftsmanship those apartments may not even be worth the construction cost. The Aircraft carrier could serve a critical role in the defense of it's nation. If not than it's a good show of America's military capabilities which will lead to more countries buying American weapons which in the long term will pay off the cost of the carrier.

[@henrilewkowicz6047]

@@HisShadow is the carrier worth the 13billion as an long term invest the appart are . investment .

[@HisShadow]

@@henrilewkowicz6047 Again the apartments are only an investment if they're used. Right now any new apartments that are made are either unsold and if they are they aren't being used as homes but as an asset in a speculative market that is unraveling.

[@alrabbi6194]

@@HisShadow Apartments are short term crisis. At least China is spending money on domestic welfare programs while US continues to channel money to the military industrial complex and ordinary Americans suffer.

[@HisShadow]

@@alrabbi6194 How is the apartment crisis short term? China's population is decreasing and is going to continue to fall for the next 50 years. That means there will be even less demand for the over saturated housing market. This isn't going to get better.

[@Indian_Girl_Aarini_213]

I find it incredibly shocking and surprising how China and India are just so strikingly in contrasting. On one hand they have an abundance of unoccupied buildings (ghost cities is what some calls it). In fact a few thousand of those cities already. On the other hand in India there is hardly any buildings and is filled with sIums everywhere with no toIiets. USA is in a similar position to lndia with their amounts of homelessness now.

[@AkshayKumar-wo2cx]

It is because China is the 2nd strongest economy in the world. This situation will be soon vitnessed in India

[@user-yb4pq4my1o]

China has asked to correct this by asking the planners of local area to buy those ghost towns... Government is going to fund... Therefore, Chinese economy is soon going to rise again...

[@fritzeph6550]

@@AkshayKumar-wo2cx Unless US sanctioned your country for buying Russian oil. US is a freak out country 😅

[@human9512]

You are BOT

[@kevinmorton3167]

The baby making companies are leftovers or spoilt individuals brats created from the One Child policy waiting to be paid heavily to have a much need offspring to be placed back into the factories to work on conveyer belts. Or just be filled again with massage palor, hair saloon and bar girls 😂

[@GeoffreycChan]

I think the number she quoted is off - please check you number again.

[@user-we1uo8ou8c]

7 million homes can accomodate 3.5 billion people! Its apartments, not Mumbai Suburban Railways! 😂

[@ananthapadmanabharaobharth8114]

Mad development should not be there development as per requirement only

[@chrislee5685]

That why those without no idea really should do some research instead of just listen to Palki. The crux of issue is there is "requirement" those mad developer kept building cause there demand for it by "those moving to city" when city economy getting better more move from rural places. At beginning there demand more then supply it causes the housing prices went sky high but then problem occur when the houses meet the demand of those live in new type of "buyer" appear. As prices kept going high year by year more people see it as best place to put money in as asset so "investor buy" it as 2nd then 3rd, so the requirement to kept building more and more even if no one live in it. There rest it what happen now, China gov notice the problem and took action only time will tell if there success or not. India should take it as learning experience to not make same mistake.

[@avinashh34]

​@@chrislee5685 I understand you have half knowledge bro😂😂

[@avinashh34]

​@@chrislee5685bro few months back literally 1 bank collapsed in china and they didn't pay to anyone. And also the biggest real-estate company collapsed in china which made investors loss money 😂😂

[@chrislee5685]

@@avinashh34 Wow another Paki woshipper that got no idea but talk big 🤣🤣🤣. Yeah so what if a bank collapses you see Lehman brother crisis? Developer bankrupt sure what your point? China gov want bad developer gone so it good. 😂 You really got no idea but make comment thinking it some kind of big secret. 🤣🤣🤣🤣🤣

[@joem0088]

Don't worry, all the empty apartments will be taken by the 700M people yet without their own apartment. It's call housing stock.

[@AnuwktootLee-yf9ff]

First pair banate hye pegel Maine fiat pair ko sari Suni aqte huye

[@nicholasgibbons9917]

It does not matter what they do to fix their housing market crisis. Even if they fix the housing market and make it more stable for the economy, they still have to worry about fixing their declining population to live in these houses. What good is it going to do buying the properties if no one is going to live in them?

[@user-df5zq9up3t]

Sell them to who. 3 billion appartment. Thats impossible if you sell these at a low price or below market value it pulls the whole property market down. A lot of people have a loans on property that will be forced to sell as a loss and still owe the bank money.

[@YouCantHandleTheTruth.]

Indian medias are notoriously known for lying, with LOTS of loopholes and it's a _deer in headlight_ moment when you try to confront them. I'm serious!

[@trainingtots]

@firstpost please check the facts please tell me how 7 million homes, can accommodate 3 billion ppl . 500 people per house?

[@AmitSangwan123]

She is quoting multiple international articles

[@nnf9431]

Better to have empty homes than a slum like Dharavi lol

[@romeoandjuliet6522]

Give them free shelter

[@subhayandutta]

Hello, did the video mention 3 billion people can stay in 7 million homes ? That is 3000/7 = 428 per apt. Does not match up.

[@alenmonsyedward7499]

There might still be so much people there who cant afford unrealistic price... so now govt is helping builder buddies to cash out by pushing tax payers in deeper debt.. 😑

[@hazare535]

That’s why they started BRI to give jobs to their own people

[@AnuwktootLee-yf9ff]

Agree badyte huye white hum mutants ko aagw badte he

[@Habbibidhh]

China ki property bhi cheap quality ki hoti hai

[@user-zw4mz2gx5w]

Atleast China is honest…..how many empty airbnb”s in rest of the world

[@pavanshetty9806]

What kind of a defense is that😂😂😂😂😂. Plus , it cant be hidden anymore. No choice.

[@ay9523]

Looks like Chinese bot iq is same as Ccp

[@phillipchan6919]

Better to compare countries with slums against countries with empty house.

[@Mr.Monark]

HONEST ? China is .... HONEST 🤣🤣🤣🤣🤣🤣

[@user-hu1tj6xu1h]

With 1.4 billion people in China, real estate is far from over. Urbanization has not ended, the end of real estate and urbanization, China can enter the era of consumption.

[@emmanueldangan6692]

So many homes, that is why China doesn’t have homeless problem.❤❤❤❤

[@thesavageoso9658]

😂😂😂 in your dreams , what about the city of homeless ?

[@vancouverwatcher]

😂😂😂. So many people living on streets in China. Are you not reading the news?

[@Prakhar2410]

So many homes at places where no one lives and that's how you get ghost towns. And what would the homeless do of the house in a ghost town and how would they survive there?

[@Featherface01]

China has many homeless, they just move them out of wealthy areas and sweep the problem under the carpet.

[@DarlyaFaroeste]

​@@Prakhar2410think about the positives, if china relax immigration process then those western elites especially the elite gen z that were arrested in the western countries lately for protesting can move to China, who wants to stay in declining western countries btw?

[@avinash.kingaonkar]

Best option will be allowing indians to buy properties in China (with full ownership rights) 😅

[@TheDesiWanderer]

Soooooo many CHINESE BOTS😂😂

[@newtonwambui]

Trust me they are the Chinese, they'll be alright,,

[@muhammadmudasser5082]

No rescue not possible

[@2010gq]

Since China has over capacity in houses I'm sure India would love to have that problem. I guess India can asked Zi to borrow those houses, since millions of Indians lived on Poverty.

[@c.w.z3295]

Lol, true😂

[@hackerrank9173]

It's better to live in streets than to risk your life living in Chinese made houses...never know when they will collapse 😂

[@c.w.z3295]

@@hackerrank9173 the phone you are using is probably made in china , so plz cut the crap.

[@Quirkydope]

Ccp's unemployed bots 😂

[@suryadevararao1795]

Two earlier smart moves by Chinese premiers: What was the sparrow famine in China? The extermination of sparrows - also known as the smash sparrows campaign (Chinese: 打麻雀运动; pinyin: dǎ máquè yùndòng) or the eliminate sparrows campaign (Chinese: 消灭麻雀运动; pinyin: xiāomiè máquè yùndòng) - resulted in severe ecological imbalance, being one of the causes of the Great Chinese Famine of 1959-1961. What were the negative outcomes of the Great Leap Forward and the steel production by 1959? Instead of stimulating the country's economy, The Great Leap Forward resulted in mass starvation and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and forced labor, along with massive economic and environmental destruction.

[@Jef-Chen]

There are no private banks in China, all are state owned. Most companies in China are also fully or partially state enterprises. State-owned banks lending money to state-owned enterprises, "debt" is just for accounting purposes and can be written off when the central government so decides. That is why China's credit rating stays at A+ despite the property crisis. As compared to India, the self-proclaimed fastest growing economy, with a credit rating of BBB-

[@christallan8931]

And it’s why china will fall harder 😅 why do think private sector exist because public sector can’t do everything if china doesn’t give more space to its private sector and let chinese people to do more thing by themselves the next decade will be a hard one for china

[@BoetHuman-pk8it]

Palki why are you so worried about china you must worry about India you country

[@user-nx5qp2jv6j]

Hahaha, Indian people are like that. I just tell my Indian friends, India is great, close to perfect. I wish all countries just learn from India 🇮🇳 😂

[@myatkyaw294]

India has more babies and younger demographic. When those people have grown up, there will be huge demand like China in 1990s. There is a supply problem for India. Not a demand. China domestic consumption is lower than boom time. Population is declining after Covid. China does not have a lot of young people. China likes a Japan in 1980s which has over invested in real estate. Over capacity of buildings and manufacturing cause the slow growth and very high debt for PRC. India is next China. China is next Japan which has been in recession for 35 years.

[@RohlatKapcak]

This lady is working for china more than CCP does 😂😂😂

[@pavanshetty9806]

Welcome to journalism. Seems like your first day out of the hole in ground.

[@RohlatKapcak]

@@pavanshetty9806 don’t worry baljeet. I’ve been on the ground for a long time

[@pavanshetty9806]

@@RohlatKapcak 😂😂 still so foolish and despo

[@pavanshetty9806]

@@RohlatKapcak and yet you behave so!

[@human9512]

& Still you come here 😅

[@pakistanzindabad6011]

And atleast all the cjnes have toilet facility they dont sit on railway tracks 😂

[@EXERCISEINSPECTOR0007]

Aata h ?

[@Damien_Mctyline]

Atta, Bijli mil rah ha??

[@user-dh9ie7qq2y]

👏 👏 👏 👏 👏 👏 👏 👏 👏 👏 👏 👏 😅😅

[@hxi7141]

Why do India keeps comparing itself to a country that has 5 times bigger economy

[@DineshTwanabasu]

Better than Indias no home crisis

[@chrislee5685]

US gov need to give billion of tax money to private big company during their housing crisis. China on others hand call then to restructure and if not able to just go bankrupt. Now which side more capitalist.

[@venstomon931]

How can 7 million homes can accommodate 3 billion people? Math doesn't add up.

[@rinku300]

Don't you Understand English Properly she is talking about India America Separately

[@venstomon931]

​@@rinku300I think you are having some hearing problems. Wear your hearing aid and listen carefully

[@Skay24]

To bad most houses in China are tofu dreg buildings... 2:15 And whatever you say now it will never happens.

[@AnuwktootLee-yf9ff]

Elsinore Pavitra holy angel banate huye

[@edgarross9955]

This is all true, but its ironic coming from Indian presenter. India also has billion population

[@armadox9773]

#TenDahLie

[@inoxnme]

Oh thats why are they are stealing other people lands ..😅

[@inoxnme]

@user-be6om2oe9g that's a lot of words. Let me answer it this way.. Tibet. What happened to Tibet?

[@shixj7895]

@@inoxnme Before you ask, please look at the territory of the Qing Dynasty

[@inoxnme]

All the countries in the above comment were once under Indian kings ...so all of those entire countries belong to us 🙂 agree?

[@user-st8kk4ij3q]

@@inoxnme King of India? Wait you mean the Mughals? Persian? Oh, you must be talking about the British, but Indians are not the sons of British people.

[@inoxnme]

@@user-st8kk4ij3q you only read history that suits your narrative is it?

[@macolet9711]

They have to finish these houses first. But, who will buy these? Chinese have no jobs. There are massive salary cut at layoff.

[@user-hu1tj6xu1h]

With 1.4 billion people in China, real estate is far from over. Urbanization has not ended, the end of real estate and urbanization, China can enter the era of consumption.

[@macolet9711]

@@user-hu1tj6xu1h 1.2b people. How come there are 20million unsold houses / condos? With the crash in housing prices, unfinished and undelivered housing unit. Who in the right mind would invest in China's housing?

[@macolet9711]

@@user-hu1tj6xu1h 1.4b people. But with 20m unsold houses and millions more unfinisfed sold houses. 🤣🤣🤣

[@user-hu1tj6xu1h]

@@macolet9711 20 million sets is not much, once the Chinese real estate era ends, the Chinese people will enter the era of high consumption, India has not experienced the era of real estate and urbanization, India and China are an era.

[@user-hu1tj6xu1h]

@@macolet9711 Real estate prices in Tier 1 and 2 cities in China have not fallen much because of the dense population. The third tier of unexpected urban real estate is still being developed, but at a slower pace. The decline in Chinese real estate is a good thing for China.

[@vivektandale8380]

Loans to build loans to sell it then loans to buy it what could go wrong

[@deadshot6135]

China build on loans and running only on loans

[@user-dh9ie7qq2y]

Buy one, get one for free!

[@baibhabmahapatra744]

Firstpost poaching best reporters from WION - First PALKI and now ALISON

[@wongsoongcheng1245]

Molly is joining doon

[@baibhabmahapatra744]

@@wongsoongcheng1245 lol no - her pauses are too long - easily take a nap

[@user-hy5yt6jt6u]

This is what happens when you buid homes & hike up its price more then 1000 times & expect people to buy it....😅....people are not fools.....becaz these days if you buy homes for these exhorbitant unreasonable prices while selling you may have to sell at a loss..!!!...& People are not ready for that.....Moreover the financial management of these nations is truly pathetic....where Income & Assets are concentrated in the hands of a few & the poor people end up in tremendous financial stress.....so its high time to throw aways such forces....and bring cash in the hands of all sections of the population......

[@richardstar88]

Yet India needs 7 billion proper modern houses 😂. This Indian lady keeps saying "China, China, China." When will it end?

[@pedroh2435]

China home problem - too many empty homes without anyone living in India home problem - too many people living in the street without a proper room

[@vaishakviswam1970]

India home problem is same too for china home problem.

[@malianwong]

@@vaishakviswam1970 Stop smoking that stuff buddy is making your brain mushpotato ,where are the empty houses in the republic of starvation ,please never compare that awful lenchistan with China ,lenchistan hasn't graduate from the stone age yet and it looks that will never do so....

[@Aftermath-News]

​@@vaishakviswam1970not even close

[@fajarliong]

India problem is beautiful. Where China one is not 😊😂😅

[@YouCantHandleTheTruth.]

@@malianwong _"Stop smoking that stuff buddy is making your brain mushpotato ,where are the empty houses in the republic of starvation ,please never compare that awful lenchistan with China ,lenchistan hasn't graduate from the stone age yet and it looks that will never do so...."_ You _cannot_ level with deluded bhakts. They just don't seem to register, unless Pompeo comes and slaps them in the face they will only adhere to their masters, even if it is completely wrong. Blind faith. Just look at the condition of India, the west has completely destroyed their minds by waving false hopes in front of their faces everyday and it is working like a well-oiled machine - the full advantage of the west that is.

[@Iamnotajournalist]

Its the same in India as well

[@reynaldoCortez-ij6ic]

There are so many homeless in China but to much home build all around mainland,,,

[@DingaOmondi]

How is this a problem! How many cars does Tata family have? The answer is same to what your trying to point out. China has more homes than it needs. How many Indians have homes or how many live in slums? Indian cannot provide homes to it's people but can point at neighbour who has succeed by far in achieving same target.

[@joeblack888]

We are always happy when our neighbor India does not have any house crisis or other crisis.

[@XiaoxiaoYuyu-ug3gy]

do they even have enough place to lived?

[@tyrant_hermit]

​@@XiaoxiaoYuyu-ug3gyGo have some bat soup and make another virus. Chinese Bot. 😂

[@avinashh34]

​@@XiaoxiaoYuyu-ug3gycrymore 😂😂

[@Aron_justin]

​@@XiaoxiaoYuyu-ug3gy u r saying like that Ur country is a heavan 😂

[@XiaoxiaoYuyu-ug3gy]

@@Aron_justin it is i am singapore chinese

[@TheDigitalGuru430]

There is no ending of greed and the way capitalism work. If China wants to have boom is to go down Dubai way. Give golden visas and easy work permits because their population is growing old ( still it wong be sustainable long term) i

[@christallan8931]

China look to much like Japan in 1980s it’s the same think both was growing 10% both invest to much in real estate causing a bubble both decide to export massively both choose cars as an export strategy both face lower price problem…. 😅

[@amitabhamukhopadhay4203]

China will certainly find a way to solve the problem of excessive housing.everybody finds pleasure whenever china is facing a problem.but the spectacular achievement of the Chinese people can not be measured by any other country.😊😊😊😊

[@Gee-win]

Does not make any sense. 7 million houses can accommodate between 28 million to 40 million people. Where does the figure of 3,000 million people come from? Which house accommodates 430 persons? 7,000 million square feet of housing space divided by 7 million gives 1,000 square feet per house. How can one accommodate 430 people in 1,000 square feet? 2 square feet per person? What a joke of a story Palaki Sharma Upadhyay is reading! Please do your homework before dishing out such stories. It will affect your credibility.

[@DK-ev9dg]

What a contrast with the world!! Rest of the world struggling to have roof over its head, in China tens of millions of buildings sitting vacant.

[@vaishakviswam1970]

Wonder if these finished empty houses could have raised up and transfer to countries with lack of housing?. When can we see such kind of teleport technology in the future. If such thing exist then china will be out of its empty housing crisis making millions out of it.

[@DK-ev9dg]

@@vaishakviswam1970 😅😅😅😅modular homes is one solution. China built 20000 modular homes in just 3 days in Africa 2 years ago.

[@pearls1626]

@@DK-ev9dgtell me where? During Covid they built a hospital within few days or weeks too

[@DK-ev9dg]

@@pearls1626 in South Africa.

[@tevitasauqaqa4433]

7 million homes with average of 4 members. Thats 28 million people where did they get 3 billions. I guess basic mathematics is above palki sharma. 😂😂😂😂😂

[@usmanabdullahi8275]

At least what China is struggling with is excess, on the other hand India is struggling with shortage, not of housing - but toilets. With Palki's obsession with China, her country is still battling with open air toilets.

[@yageshgupta8598]

india toilet coverage 98% 😂😂 ccp bot trying hard to defend china

[@inspiringquotes3379]

Rather than speaking I'll about India and Palki.. you better do something for your Uighur Muslim brothers whom are in the concentration camps by the Chinese communist government

[@usmanabdullahi8275]

@@inspiringquotes3379 living in what you called concentration camps is far better than being attacked by Hindu nationalists on the inspiration of anti-Muslims prime minister and government. Muslims are way better off in China than India and the reality of that is way too open for a little Palki's show to hide.

[@ahvidaneidavirgilluminous8754]

No worry Chinese construction quality every 25 years will fall down, every coolie will still have a construction job. And rich kids migrating to N America 😂

[@naumansindhu]

Send these buildings to Europe, America, Canada, they have homeless problem. People r sleeping on the roads and in their cars.😂😂😂😂😂

[@RJ-pz6kx]

China has invested in properties in UK a lot of the Universities accomadation are owned by Chinese hence have invested overseas quite well also part of Universaties board. Too much money hence invested globally.

[@yordanosbekele9255]

Hence they don’t allow others to do the same in their country

[@ashutoshvats2640]

It hurts China when an outside media agency talks about their real state of economy. You have grown on debts and theft of technology and land Xi. You have to pay back for the discrimination of Uyghurs

[@teckchuonting4582]

🤣🤣🤣

[@teckchuonting4582]

Uyghurs have better quality of life than most Indians, I assure you.

[@ashutoshvats2640]

@@teckchuonting4582 I know :)

[@TomW-ks3gp]

The crisis is terrible. India prefers no house to the pools so it doesn’t have this kind of problem.

[@padmanabanseshadri2941]

There is something wrong in your calculations mrs Upadhyay . 7 million homes . Even if a home can accommodate 5 people about 35 Million people can be accommodated and live in these apartments/homes . Please redo your maths .

[@melvindevilleres6332]

will it include other China overseas projects in Cambodia or Malaysia?

[@qingshanyipian1936]

Everyone knows that China will soon take care of their only weak link in their economy. The real estate market. U.S. in the past 3 decades had 3 different properties bubbles and turmoil as well. It’ll work out in times. India doesn’t have to be so happy to see China’s real estate problem

[@RTA6084]

Please scream for India not for China

[@ALAM01110]

China has already achieved its goal of providing millions of jobs to its people from construction these homes. Many companies are involved to build a house.

[@ROGER-ie5eu]

I AM MOVING TO CHINA, THEN I CAN HAVE AN EMPTY HOME SINCE TBEIR IS NO ROOM FOR ME IN MY IWN COUNTRY!

[@thehp3001]

But in India people don't have home to live

[@jvzoleta]

Wow!

[@John-.-Smith]

Seven billion square feet divided by seven million homes is equal to 1000 sqft per home. Seems small. 3 billion people divided by 7 million homes is equal to 428 people per home. On average, each person occupies 2.4 sqft of area. That's almost enough just for standing. Even jails don't have such a kind of population density.

[@clueless485]

Don't be so hard on Palki. She flunk her math class in school.

[@emmanueldangan6692]

Wrong calculation 😂😂😂😂

[@wretfsfvd]

that 7 million data is from 2016 by report , in 2024 it get doubled and triple, He Keng, a former deputy head of the statistics bureau had said that china now have this much empty house that it can accommodate 3 billion peoples

[@audreyong3003]

In a nutshell , too much 🇨🇳 housing and not enough relevant development in 🇮🇳 *?* 7:12 *

[@navinbhatia9936]

It is a good strategy