Prices in Singapore’s public housing system are under growing scrutiny as million-dollar sales make headlines and raise fears over affordability. Those sales are outliers, though, amid the government’s efforts to keep speculative demand to a minimum.
The West misunderstands China’s efforts at boosting innovation and satisfying domestic demand as seeking to undermine foreign competitors. While oversupply is a valid concern, a bigger problem is concentrated production among a small cluster of firms which US tariffs on China will not address.