China has the world's fastest bullet trains but a terrible safety record.
Sure, some ghost cities might pan out but I wouldn't hold my breath. If this were 2006, my position would be "it doesn't make sense that fat women with crappy entertainment jobs can afford luxury houses" and you'd retort "but the houses appreciated, even if she can't afford it, it's more valuable now than it was so the bank wont take a loss on it".
“Chinese companies’ share of global electronics production, meanwhile, rose from 30% in 2012 to nearly 60% in 2016, and this share will rise to 87% by the end of the present year.”
Sure, some ghost cities might pan out but I wouldn't hold my breath. If this were 2006, my position would be "it doesn't make sense that fat women with crappy entertainment jobs can afford luxury houses" and you'd retort "but the houses appreciated, even if she can't afford it, it's more valuable now than it was so the bank wont take a loss on it".
We'll see if the fat lady sings.