The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing
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i mentioned they would do this to a lib here and he said i was naive lol
A lot of people have a hard time imagining that a different system from capitalism is truly possible. Most people in the western mainstream think that China basically works more or less the same as the west, just will less personal freedoms.
true. people in my country think our "progressive" conciliatory socdem president is dictatorial communism.
at this point communism just means things I don't like for most people in the western sphere
Reply to them again with this article lol. Might be funny