China

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Discuss anything related to China.

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讨论中国的地方。

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零、台湾、西藏、新疆、和香港都是中国的一部分。

一、不要跑题。

二、友善对待同志。

三、不要传播谣言或偏执思想。

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GrainEater@lemmygrad.ml

106

China popped its real estate bubble and now is promoting social housing (www.scmp.com)

submitted 4 months ago by cfgaussian@lemmygrad.ml to c/china@lemmygrad.ml

14 comments fedilink hide all child comments

"China's Ministry of Housing asked local governments in hundreds of cities to “vigorously” buy unsold commercial homes and convert units into affordable housing for the working class." -Ben Norton

"Isn't it ironic that the Chinese housing bubble was cited across the West as a "failure" of the Chinese gov when it was in fact created by runaway private enterprise, only now being resolved by Beijing's intervention...?" -Brian Berletic

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[–] nephs@lemmygrad.ml 7 points 4 months ago (1 children)

Out of thin air, of course, just like every other government!

[–] davel@lemmygrad.ml 2 points 4 months ago

Unfortunately not every other government. Take the whole Eurozone, for example, which has ceded control to the cartel of European private banks. Or Argentina, where Milei recently nearly had Argentina abandon its monetary sovereignty.