Communist Party would take over a larger share of the real-estate market, which for years has been dominated by the private sector. 👏
Home prices across China are falling
Far as I read. We need to do whatever China is doing.
The goal, the policy advisers say, is to increase the share of housing built by the state for low-cost rental or sale under restricted conditions to at least 30% of China’s housing stock, from 5% or so today.
I'm amazed China's market had already been 95% privatized.
haters will say it's capitalism
lol I love asking people who claim China is capitalist why it consistently produces different outcomes from the actual capitalist countries, I never get an answer
What you don't have the galaxy brain to understand is that it's actually just Real Capitalism Without The Freedom
Inb4 they hit you with the "Chinese are naturally conditioned to be wage slaves and they like it" and you realize you have to figure out how to escape from this person.
people are doubting whether real estate will ever be a viable investment again
Haha you guys need our foreign investment forever right? Guys? ... ?!
Fully stocked on rope now I suppose
It's happening?
But at what cost?
Real mean trick omitting "China" and getting all us "headline-only readers" hopes up
🤣
This is on the Five Year Plan
I thought this was about CPUSA's real estate company for a second.
Does anyone know what this means practically?
Basically, investors are going to lose a bunch of money as real-estate companies go under, and the government will take over the industry to make sure projects are completed and workers aren't losing jobs.
Global capital succ complete. Time to kill westoids by exporting tractors to the sahel