Certain things we have read indicate China laid out more cement for roads and buildings between 2011 and 2016 than the US did in the entire 20th Century. It was also in this time frame the scarity of building materials they caused to fulfill these projects caused a spike in prices we vividly remember worldwide. This type of unsustainable red hot expansion causes brutal crashes and the pandemic exacerbated those impacts.
Sad part is many of these real estate and housing projects were never completed and many of the ones that were became crippled by pandemic aftereffects and the ensuing lockdowns that followed shutting down income potential on them as the MASSIVE debt service incurred to build them accrued.
(Wuhan virus KARMA??)
We have been reading on the fragility of the Chinese economy (read EVERGRANDE disaster) and this graphic supports our claims as a shadow impact .