schizoidman@lemmy.ml to World News@lemmy.mlEnglish · 6 months agoChina's housing minister says real estate developers must go bankrupt if necessarywww.cnbc.comexternal-linkmessage-square75fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkChina's housing minister says real estate developers must go bankrupt if necessarywww.cnbc.comschizoidman@lemmy.ml to World News@lemmy.mlEnglish · 6 months agomessage-square75fedilink
minus-squareLemmygradwontallowme [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up0·6 months ago how much of these developments were greenlit by government officials who are now refusing to foot the bills? If we just mean which ones were state-owned (as one commenter said before “privatized gains, privatized losses”), not much According to even “China collapser” Michael Pettis https://twitter.com/michaelxpettis/status/1610265849528717318/photo/1 Then again, it’s Caixin, so you can double-check…
minus-squareFiniteBanjo@lemmy.todaylinkfedilinkarrow-up0·6 months agoThat graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said…?
minus-squareLemmygradwontallowme [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up0·edit-26 months agoWell, I thought the nationalizations were more of a response, than the cause of what happened, then again… I mean, didn’t the whole crisis start from 2020… so I don’t understand the contradiction in my argument here… Elaborate it a bit more?
If we just mean which ones were state-owned (as one commenter said before “privatized gains, privatized losses”), not much
According to even “China collapser” Michael Pettis
https://twitter.com/michaelxpettis/status/1610265849528717318/photo/1
Then again, it’s Caixin, so you can double-check…
That graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said…?
Well, I thought the nationalizations were more of a response, than the cause of what happened, then again…
I mean, didn’t the whole crisis start from 2020… so I don’t understand the contradiction in my argument here…
Elaborate it a bit more?