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Re:Evergrande shares plunge as much as 87% as trading resume... by agilob on Monday August 28, 2023 @02:16AM (#37290458)
>The houses that they've built are still standing

No, they are demolishing whole empty cities to keep the prices up.

https://asia.nikkei.com/Spotlight/The-age-of-Great-China/Con...

https://www.youtube.com/watch?v=8AuWH2GdH1w

Re:Evergrande shares plunge as much as 87% as trading resume... by seanmcdirmid on Monday August 28, 2023 @03:10AM (#37290812)
These probably aren’t the homes Evergrande has sold, mostly in south China. Ordos Kangbashi will never be populated because coal is on the way new out, a true ghost city that is only categorized as a success via goal post moving and lots of demolition (Ordos itself isn’t a ghost town, just this new district).

The article talks about buildings in kunming being demolished. While kunming definitely went through a big bubble, I would hardly call it a ghost town now.