Even China's 1.4 billion population can't fill all its vacant homes, former official says

As of the end of August, the combined floor area of unsold homes stood at 648 million square metres, the latest data from the Naional Bureau of Statistics (NBS) show.

That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

"That estimate might be a bit much, but 1.4 billion people probably can't fill them," said He Keng, 81, a former deputy head of the statistics bureau at a forum in the southern Chinese city Dongguan, according to a video released by the official media China News Service.

Reuters 23 September 2023

https://www.reuters.com/world/china/even-chinas-14-bln-population-cant-fill-all-its-vacant-homes-former-official-2023-09-23/


Englund: China (englundmacro.blogspot.com)


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