Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments.
  •  agarorn   ( @agarorn@feddit.de ) 
    0•1 year ago

    Last year was the first time that the population of China went down.

    I don’t think it will rise again in the next ten years, so why would one buy apartments in cities that are not attractive?

    But well, the 39 year old buyer has every right to speculate in it.