• ☆ Yσɠƚԋσʂ ☆OP
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      281 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
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      161 year ago

      achievable only under dictatorship of the proletariat

      Yeah, but at what cost?

  • @frippa@lemmy.ml
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    161 year ago

    That’s cool to know, hopefully this will lower property prices, I heard they’re high in some cities

    • ☆ Yσɠƚԋσʂ ☆OP
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      241 year ago

      It’s also worth noting that 90% of families own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans.

  • @lxvi@lemmygrad.ml
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    31 year ago

    I heard from a forgettable and unreliable source that their earlier crisis resolution was causing issues so that they were easing restrictions and reopening the housing speculation market.

    I’m assuming they got their information from a source that was unhappy about the restrictions and wished their were issues that would cause China to change its mind, because everybody knows the pillar of a national economy is selling houses you will refuse to build.

    You hear it a lot with regard to China; “if you don’t allow speculators to fictitiously inflate your economy there’s going to be a crisis”. The actual building of the houses is the economy, not the money exchanged for empty promises.