High-rise fire in China today

Pretty incredible footage.

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No casualties. That is amazing.

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Scary sight for sure.

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There’s a good chance there’s multiple vacant units. I watched a special of month or two ago showing multiple high-rise condos that were basically vacant

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Might be an amazing case of China selective reporting to appease the masses.

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If it looks like a duck and walks like a duck it’s a duck. I can’t imagine Chinese news not being transparent.

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Maybe someone decided that collecting on insurance was their only option.

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China’s record number of vacant houses and urban projects, sitting at over 50 million units

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https://www.bloomberg.com/news/articles/2022-07-31/china-banks-may-face-350-billion-in-losses-from-property-crisis

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