On August 27, 2021, Kunming, China used 4.6 metric tons of explosives across 85,000 detonation points to bring down fifteen unfinished towers. Fourteen collapsed in 45 seconds. The fifteenth refused to fall. Workers brought it down manually three days later. In 2016, Xi Jinping said houses are for living, not for speculation. By 2020, the central bank capped developer leverage. Evergrande breached every limit. Country Garden followed. That was the deflation lever. Cut credit, cull the expectatio
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On August 27, 2021, Kunming, China used 4.6 metric tons of explosives across 85,000 detonation points to bring down fifteen unfinished towers. Fourteen collapsed in 45 seconds. The fifteenth refused to fall. Workers brought it down manually three days later. In 2016, Xi Jinping said houses are for living, not for speculation. By 2020, the central bank capped developer leverage. Evergrande breached every limit. Country Garden followed. That was the deflation lever. Cut credit, cull the expectatio
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