2min chapter

From the New World cover image

Samuel Hammond: AI Revolution - Visible and Invisible

From the New World

CHAPTER

The Chinese Real Estate Market Is Totally Overproduced, Right?

I think it's partly a byproduct of decentralized political decision making that's being evaluated on these imprecise metrics of growth. And leaders realizing that could game those statistics by over building. It's not that different from the big Wells Fargo scandal from a few years ago, where, you know, someone near the top was like, we need to increase customer accounts.

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