Comment Re:Yawn (Score 1) 154
At least unsold cars might be moved to somewhere else if there's a perceived demand somewhere else. They might even be exported depending on the sorts of trade deals that the country has internationally.
Real estate by its very nature is fixed into place. If there's no value in it in-place, then the only real value is the proceeds from dismantling and carting-off whatever's there. If there are environmental regulations involved in that process, or if the materials have no reusable or recyclable value, then the real estate can have a negative value, ie, it's a liability exceeding its benefit.
China seems to be speed-running three centuries' worth of social and economic problems in under a hundred years, and without shaking-out or solving prior problems as thoroughly as other societies have done before the next set of problems come along. Prior unresolved problems may well contribute additional aggravation to new problems too. China's GDP per-capita is somewhere between 1/5 and 1/2 of American GDP per-capita, but I seriously doubt that it's proportionally less expensive to produce electric cars there versus anywhere else. Sure, it will be somewhat cheaper due to reduced wages, but not so much cheaper that the average Chinese could afford at the same rates as the average American could. That poses a real problem when there's the sort of overproduction that a centrally-managed economy enables.