Beijing's planned takeover of Chinese residential real estate might cloak the nation's property crisis, but it will surely kill China’s fundamental economic momentum.
use government funds to buy up bankrupt properties so that in time the government’s role in real estate would rise from 5% of the market at present to 30%. Such an act would surely take the nation back to its communist roots if not quite the days of Mao Zedong.
I’m trying to imagine the innards of the person’s head who came up with this. Am failing. Just the sheer ignorance that this is the model behind affordable housing in western capitalist countries is mind boggling.
I’m trying to imagine the innards of the person’s head who came up with this. Am failing. Just the sheer ignorance that this is the model behind affordable housing in western capitalist countries is mind boggling.