China's housing minister says real estate developers must go bankrupt if necessary
China's housing minister says real estate developers must go bankrupt if necessary
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.
Real estate developers can go to hell. Eliminate housing as a commodity and provide shelter to all humans as is one of the main purposes of a country
China’s fucked its citizens over with housing so badly.
Most people pour their entire life savings into these shitty apartments and the companies are going bankrupt whilst building them leaving the citizens with absolutely nothing, no where to live and no money, and now the government further neglects their citizens needs by saying “tough shit, fail”.