schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 8 months ago

China's housing minister says real estate developers must go bankrupt if necessary

cross-posted to:
brainworms@lemm.ee

344

China's housing minister says real estate developers must go bankrupt if necessary

schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 8 months ago

cross-posted to:
brainworms@lemm.ee

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.

Chat

gandalf_der_12te@feddit.de
link
fedilink
arrow-up
2·
8 months ago

They have over a billion excess homes.

Which is good, because it keeps costs of living down, amiright?

World News@lemmy.ml

worldnews@lemmy.ml

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

560 users / day
2.61K users / week
5.03K users / month
14.4K users / 6 months
1 local subscriber
32.3K subscribers
10.2K Posts
97.7K Comments
Modlog