Year in Review: China’s Property Market at a Turning Point - The government began to loosen up last year on a clampdown that upended an industry, but developers won’t be able to rely on the business model of the past
Although we must remember here that China’s banks are fully owned by the Communist Party, and social stability often takes precedence over the raw pursuit of profit, so their lending practices cannot be compared like-for-like against those of Western banks.
I love how they can just say that aloud without any introspection.
I love how they can just say that aloud without any introspection.
lol right