this post was submitted on 08 Nov 2024
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[–] [email protected] 0 points 1 week ago (5 children)

Didn't China just had a huge crisis in the property market?

[–] [email protected] 0 points 1 week ago (2 children)

Not really, the government wound down the real estate market intentionally to refocus the economy on tech and industry.

[–] [email protected] 0 points 3 days ago (1 children)

Ah okey, so they acted on a non-issue than?

[–] [email protected] 0 points 3 days ago

They acted to prevent an issue from developing. This is the whole purpose of having a government. It pays attention to what's happening in the country overall, and guides the economy towards positive outcomes.

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