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Once a Symbol of China’s Growth, Now a Sign of a Housing Crisis

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nytimes.com/2023/05/25/business/china-housing-crisis-nanchang.html

Construction activity at a residential development in Nanchang, China. China’s housing boom started in the late 1990s, spreading to urban areas like Nanchang in the 2000s.Credit...Qilai Shen for The New York Times
Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.
Once a…

This story from nytimes.com was posted on 2023-05-25 by @beewild.

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