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The profits of investors is a very low priority concern.
What matters is the material conditions of the people.
China let housing markets exist just to get the houses built. Now that they have way more houses than they need, investors are left out to dry like they should be.
There will always be schmucks trying to get rich off the market. It's our job to force the market to build things that people need. The needs of investors are irrelevant.
Glad China prioritizes low homelessness, but it would be nice if there were more regulations on quality, buildings are often unstable and collapse too frequently. Same problem with lack of regulations on pollution and air quality.
It's not just asshole investors who are out to dry https://www.reuters.com/world/asia-pacific/broken-dreams-shattered-families-chinas-unfinished-apartments-2023-09-15/