I wonder if the Chinese approach to affordable housing, government building huge apartment complexes, will fare any better than the U.S. approach of underwriting housing loans, instead of building houses directly, i.e., a kind of housing voucher system. Vouchers are supposed to be the most hands off, libertarian way for government to get involved with anything, and even that blew up big time.
All I'm sure of is that whenever big government steps in, SNAFU and FUBAR are not far away.