Western media outlets have absurdly claimed China's economy is collapsing, due to a crisis in the real estate sector. But in reality, this is part of an inte...
  • Infamousblt [any]@hexbear.netEnglish
    0·
    10 months ago

    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

    • czech@low.faux.moeEnglish
      0·
      10 months ago

      Yes, when Evergrande fail to pay their bondholders due to insolvency it’s actually a 4d chess move to house the people.

      • ghost_of_faso2@lemmygrad.ml
        0·
        10 months ago

        Evergrande fail to pay their bondholders due to insolvency

        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.