Beijing's planned takeover of Chinese residential real estate might cloak the nation's property crisis, but it will surely kill China’s fundamental economic momentum.
Original headline says "(foolishly)" but that's too cringe to put in the title lol
Apparently forcing the owners to pay for the debt and liquidating the company when they can't instead of bailing them out like capitalist countries do is "foolish" because it prioritizes regular people over capitalists (who could've guessed Xi would do that :0)
Original headline says "(foolishly)" but that's too cringe to put in the title lol
Apparently forcing the owners to pay for the debt and liquidating the company when they can't instead of bailing them out like capitalist countries do is "foolish" because it prioritizes regular people over capitalists (who could've guessed Xi would do that :0)