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World News@lemmy.mlEnglish · 8 months ago

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

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

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World News@lemmy.mlEnglish · 8 months ago

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.

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gandalf_der_12te@feddit.de
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8 months ago

They have over a billion excess homes.

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

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