China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

☆ Yσɠƚԋσʂ ☆ · 1 year ago

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

@PolandIsAStateOfMind@lemmygrad.ml · edit-2 1 year ago

Funny how everything reformists dream about is achievable only under dictatorship of the proletariat.

☆ Yσɠƚԋσʂ ☆ · 1 year ago

You’d think it would be obvious that the government works in the interest of the class that holds power, and yet most people in the west are unable to wrap their head around this idea.

JucheBot1988 · 1 year ago

achievable only under dictatorship of the proletariat

Yeah, but at what cost?

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

Year in Review: China’s Property Market at a Turning Point - Caixin Global