BEIJING -- Supported by a series of policy measures to address the yearslong slump, China's property market has shown signs of stabilization and uptick, with renewed confidence and rising demand observed in its most dynamic regional real estate markets.
good, they have the most capacity to suffer
Fuck you tankie. Unlike you, i don't want chinese people to suffer
People who bought a house to live in aren't suffering. They are living in their house.
People who bought housing as an investment can handle the the loss. And worse case they can live in one of their portfolio properties.
There's a lot of tofu dreg'd properties but there's people that bought properties and recieved unfinished apartments. How can you live in an apartment without utilities? There literally were protests and people refusing to pay their mortgages.