going to be an exciting week in china real estate markets another big developer probably missing a bond payment today, evergrande likely to formally hit default at some point this weekhttps://archive.is/qkINL
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price floor would make more sense in this context. lol. government sets asset price and also tax rate what could go wrong apparently theres an incipient party rebellion over this interesting times and all that
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Seems weird since, as I understand it, land "ownership" in China is formally structured as very-long-term leases from the government.
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calvinball ig
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Lowering house prices that way seems like a dangerous game to play with the wealth of the people. I don’t even understand which faction this would help, can’t imagine the gov needs this money. Internal controls can’t be that good
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Xi...t
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