China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
China has said they will bail out the regular people. What they’re doing is they’re buying the homes at a discounted price from the people and turning them into subsidized housing. To quote the article:
“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,”
So there’s no bailout for the property developers but they are controlling the loss for regular folks.
I’m sorry people downvoted you without explaining that. I know it’s hard to read the entire article sometimes.
Well it’s also important to note that western media is intentionally not reporting on this properly and putting what I said as remarks at the end of articles. There’s two reasons for this.
This has never happened before. Countries usually just bail out their property developers and hope they’ll build cheaper housing. IE USA Circa 2008. So we really don’t know what the outcome of this is. Wall St of course hates this and is terrified of this. I mean if it works and other countries follow suit in the future, what would that mean for all the Wall St. billionaires.
Obviously the usual China bad narrative. The west really really doesn’t want any Chinese actions to be viewed in a positive light.
So here’s a Korean article that explains it better and isn’t as influenced by western media.
The key take away point is, stop believing US media, it’s absolutely shit propaganda. I’m not saying China is good, hell I agree with the Koreans that this might not work, but for the love of god don’t believe USA.
Don’t be sorry that people downvoted. This site attracts uninformed bullshit like flies to shit, and a lot of us are just tired of explaining to everyone that the facts are there in the article. My limit is 25 wildly incorrect but confident comments before I stop trying to inform people.
China has said they will bail out the regular people. What they’re doing is they’re buying the homes at a discounted price from the people and turning them into subsidized housing. To quote the article:
So there’s no bailout for the property developers but they are controlling the loss for regular folks.
I’m sorry people downvoted you without explaining that. I know it’s hard to read the entire article sometimes.
Ah well my cynicism was unwarranted and I should have more than skimmed the article. Thanks for the clarification.
Well it’s also important to note that western media is intentionally not reporting on this properly and putting what I said as remarks at the end of articles. There’s two reasons for this.
This has never happened before. Countries usually just bail out their property developers and hope they’ll build cheaper housing. IE USA Circa 2008. So we really don’t know what the outcome of this is. Wall St of course hates this and is terrified of this. I mean if it works and other countries follow suit in the future, what would that mean for all the Wall St. billionaires.
Obviously the usual China bad narrative. The west really really doesn’t want any Chinese actions to be viewed in a positive light.
So here’s a Korean article that explains it better and isn’t as influenced by western media.
https://www.msn.com/en-us/money/companies/xi-jinping-s-socialist-solution-china-s-response-to-the-real-estate-crisis/ar-BB1iDuXM
The key take away point is, stop believing US media, it’s absolutely shit propaganda. I’m not saying China is good, hell I agree with the Koreans that this might not work, but for the love of god don’t believe USA.
Don’t be sorry that people downvoted. This site attracts uninformed bullshit like flies to shit, and a lot of us are just tired of explaining to everyone that the facts are there in the article. My limit is 25 wildly incorrect but confident comments before I stop trying to inform people.