Kasandras Beware - China's Economy Will Not Hit A Wall

https://www.moonofalabama.org/2023/09/kasandras-beware-china-will-not-hit-the-wall.html

6 points · 2 comments · view on lemmy.world

2 Comments

luchuan@lemmygrad.ml · 11 pts · 2y (1 reply)

He is unperturbed by the prospect of real estate losing value, since he bought his house to live in, and doesn't intend to resell it.

Based average Chinese consumer

DamarcusArt@lemmygrad.ml · 5 pts · 2y

Imagine that. Imagine living in a country where people buy houses to live in, instead of as investments so they can charge people more than half their income every week just so they have a roof over their head.

Must be nice.