@schizoidman@lemmy.ml to worldnews@lemmy.ml • 3 months agoChina's housing minister says real estate developers must go bankrupt if necessaryexternal-linkmessage-square16 fedilinkarrow-up1144cross-posted to: china@lemmygrad.ml
arrow-up1144external-linkChina's housing minister says real estate developers must go bankrupt if necessary@schizoidman@lemmy.ml to worldnews@lemmy.ml • 3 months agomessage-square16 Commentsfedilinkcross-posted to: china@lemmygrad.ml
minus-squareLemmygradwontallowme [he/him, comrade/them]hexbear7•edit-23 months ago how much of these developments were greenlit by government officials who are now refusing to foot the bills? By that logic, most U.S real estate companies like Blackrock and Freddie Mae would be greenlit, could you be more specific... If we just mean which ones were state-owned (because "privatized gains, privatized losses" as one said), not much According to even "China collapser" Michael Pettis: Show https://twitter.com/michaelxpettis/status/1610265849528717318/photo/1 Then again, it's Caixin, so you can double-check... link
minus-square@FiniteBanjo@lemmy.todayhexbear1•3 months agoThat graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said...? linkfedilink
minus-squareLemmygradwontallowme [he/him, comrade/them]hexbear6•edit-23 months agoWell, I thought the nationalizations were more of a response, than the cause of what happened, then again... I mean, didn't the whole crisis start from 2020... so I don't understand the contradiction in my argument here... Elaborate it a bit more? link
By that logic, most U.S real estate companies like Blackrock and Freddie Mae would be greenlit, could you be more specific...
If we just mean which ones were state-owned (because "privatized gains, privatized losses" as one said), not much
According to even "China collapser" Michael Pettis:
Then again, it's Caixin, so you can double-check...
That graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said...?
Well, I thought the nationalizations were more of a response, than the cause of what happened, then again...
I mean, didn't the whole crisis start from 2020... so I don't understand the contradiction in my argument here...
Elaborate it a bit more?