A significant part of the problem with bad economy is people’s sentiment, not actual, real resource constraints. If they don’t have the latter, (I don’t know if they do or don’t), scrubbing bad feels and limiting their spread makes sense and could have positive results. People aren’t known to spread only sentiments based on objective facts.
And if they do have the latter, then pretending everything is great rather than acknowledging it and taking steps to address it is a great way to make it worse.
Global North corporate media view China’s economy through a capitalist lens, so the reporting in question is garbage in the first place.
One example: China intentionally popped the real estate speculation bubble so that regular people can continue to afford housing. China hasn’t made the mistake that the US has: namely housing as an investment vehicle. And the Chinese state can do that because the capitalist class is not in control, whereas the US is an oligarchy. CBS: Homes “unaffordable” in 99% of nation for average American
Just because one’s house is one’s largest purchase doesn’t necessarily mean it’s an investment vehicle for which one can hope to get an 8% yearly return. China has a lot of public housing and is creating more, which in turn suppresses private housing prices. China to increase govt-subsidized housing in 2021-2025
A significant part of the problem with bad economy is people’s sentiment, not actual, real resource constraints. If they don’t have the latter, (I don’t know if they do or don’t), scrubbing bad feels and limiting their spread makes sense and could have positive results. People aren’t known to spread only sentiments based on objective facts.
And if they do have the latter, then pretending everything is great rather than acknowledging it and taking steps to address it is a great way to make it worse.
Global North corporate media view China’s economy through a capitalist lens, so the reporting in question is garbage in the first place.
One example: China intentionally popped the real estate speculation bubble so that regular people can continue to afford housing. China hasn’t made the mistake that the US has: namely housing as an investment vehicle. And the Chinese state can do that because the capitalist class is not in control, whereas the US is an oligarchy. CBS: Homes “unaffordable” in 99% of nation for average American
Housing is the #1 investment in China by a long shot, what are you talking about?
Just because one’s house is one’s largest purchase doesn’t necessarily mean it’s an investment vehicle for which one can hope to get an 8% yearly return. China has a lot of public housing and is creating more, which in turn suppresses private housing prices. China to increase govt-subsidized housing in 2021-2025