[why_only_15]

Does China subsidize housing construction? Is your claim something like "China encourages/forces consumers to save at high rates which lowers interest rates and makes there be more construction"?

[toomuchtodo]

https://www.reuters.com/world/china/key-features-chinas-affo...

https://www.sciencedirect.com/science/article/pii/S266616592...