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Glodraph t1_j0rxv5m wrote

Reply to comment by Heap_Good_Firewater in The IEA says humanity used the greatest amount of coal in 2022 in all of human history, and that this level of consumption will continue until at least 2025. One-third of all global coal goes to generate electricity in China, and India's coal use is growing at 6% per annum. by lughnasadh

Yep..all fake buildings like the ones demolished when evergrande went bankrupt

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Kryosite t1_j0s5hhw wrote

Not fake buildings, the buildings are mostly real houses, it's just a colossal real estate bubble, possibly the largest in history. Due to the volatility of the Chinese stock market, real estate is seen as the most common personal investment, as it is less likely to lose its value by crossing the Party. (Empty houses are really good at not pissing people off.)

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