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[QUOTE="cuseinchina, post: 1054925, member: 3079"]
It would carry more weight if it made any sense.

Do you think the overbuilding in some Chinese cities is due to public private partnership building too much public housing or something?         There is a tremendous shortage of low income housing in the people's republic.   Developers are building high-end product and selling it to cash buyers who hold those empty properties in lieu of being able to invest outside of China...they don't trust the Chinese stock market and capital controls restrict them from allocating capital outside of the country - so they buy apartments and wait for the demand to match the supply.   Most cities do not have a problem with over-supply btw, it's mostly a few interior cities that have been overbuilt.  The government is complicit in that the municipalities sell the land to the developers - but there is no public private partnership going on, no stake in the profits or loss of the business for the taxpayers or the government.
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