this post was submitted on 06 Jan 2024
1 points (100.0% liked)
China
1984 readers
1 users here now
Discuss anything related to China.
Community Rules:
0: Taiwan, Xizang (Tibet), Xinjiang, and Hong Kong are all part of China.
1: Don't go off topic.
2: Be Comradely.
3: Don't spread misinformation or bigotry.
讨论中国的地方。
社区规则：
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。
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Western media can't understand a real estate sector that focuses on housing people rather than creating investment income, so it can't properly report on China's real estate sector
Yes, when Evergrande fail to pay their bondholders due to insolvency it's actually a 4d chess move to house the people.
The people are already housed, China has 90% outright house ownership (UK has about 30-40% btw) whats happening here is that its peoples second/third homes that they planned on handing off to either family or built for projected population growth that turns out has slown down a little.
They literally have too many houses. I know what issue id rather be having.
90% ownership is impressive.