Hey guys I’m sorry but China is not gonna beat the allegations this time. They’d be a much better country if they abandoned their inefficient investment system where the profits of capital investment pay for infrastructure and public services. They need to be civilized and rational and add those profits to the wealth leader board highlighting the shittiest people in the country.
Consider this lefties, If we didn’t have capitalism would we even know how much of a shithead Elon Musk is? Hmm?
Housing crisis? Isn’t China’s homeless percentage nearly nonexistent while the US is as high as 40 homeless people per 10,000 total population? What the fuck are they even talking about?
crisis is when line of asset prices don’t go up, which in normal society - it shouldn’t, everyone has home, why in fuck would you buy more.
They might be calling the housing bubble in China a “housing crisis?” It isn’t a crisis of people being homeless but investing in housing and losing trillions of yuan collectively
I can’t give an informed answer, but when I visited China for work I did see homelessness (people living in caves and getting water from a river as explained to me by our hosts). Not as prevalent as I’ve seen on the US West Coast