The private luxury real estate market crashed, the only people hurt by this are foreign investors and people dumb enough to copy us strategies to build wealth instead of doing something of value with their lives. No one was made homeless.
Your second paragraph only affects the private sector, and thats generally true of all private economies right now; China just doesn’t allow their private economy to effect the needs of the people.
Your third is mostly nonsense as no long term strategies have changed in the last few years except far more talks on whether real estate should be privatized in any way or if the private side of that industry has outlived it’s usefulness; and of course an acceleration of space goals due to the potential for the EU and musk to take all useful leo orbits.
Because it’s not a legitimate nation.