China is surely jealous of the high food prices we have here in the West…
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45 points
What’s next? Affordable housing?
38 points
Actually, yes, but before.
BBC: “China property: New home prices see biggest fall since 2015”
23 points
1 point
most Chinese families invest everything plus everything they can borrow, into a home. if property values fall, that will be perceived as a giant loss and could be a widespread freakout. so they try to keep home values growing like forevers. a bubble that is kept growing forever?
