>>938766307
it's far more complicated than that
China has business associated with different parts of the government, much like Trump is trying to set up in the US
the Chinese Navy might own a bank that lent money to a construction company owned by some other part of the government
the Navy bank lends to the construction company based on face gain and some sort of financial arrangement but neither have a vested interest in selling the real-estate units because there's no one to buy them
however capital controls in China limiting what Chinese can invest in domestically and prohibiting a lot of foreign investment means these ghost apartments get bundled like US REITs and sold to Chinese consumers who are left as the bagholders
strangely enough this is the model the Republican party wants to pursue as part of their christofascist agenda
it makes sense for Trump, his career is that of conning suckers, everybody sucking his cock things they're gonna be in on the scam though