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☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 1 year ago

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

www.caixinglobal.com

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  • cross-posted to:
  • brainworms@lemm.ee
  • worldnews@lemmy.ml
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The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

www.caixinglobal.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 1 year ago
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  • cross-posted to:
  • brainworms@lemm.ee
  • worldnews@lemmy.ml
PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global
www.caixinglobal.com
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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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  • Sebrof [he/him, comrade/them]@hexbear.net
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    1 year ago

    Did China not get the memo that is was supposed to collapse?

    • DragonBallZinn [he/him, they/them]@hexbear.net
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      1 year ago

      According to all the soyfacing finance bros on YouTube, affordable housing IS the collapse. After all, how are those poor browns supposed to build wealth through equity now! Housing abundance kills Muh invoostment.

      • Sebrof [he/him, comrade/them]@hexbear.net
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        1 year ago

        Shows what I know about economics!

  • WeedReference420 [he/him, they/them]@hexbear.net
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    1 year ago

    It must be so nice to live in a functional country

    • Pentacat [he/him]@hexbear.net
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      1 year ago

      If the US had the manufacturing capacity that China has, it would be sending $42 billion a month to Ukraine and the Zionist entity. I sleep easier knowing the US is dysfunctional in certain ways, because it was built with a fatal design flaw that causes it to bring only death and destruction.

  • MaoTheLawn [any, any]@hexbear.net
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    1 year ago

    but at what c-

    oh, 42 billion.

    • nohaybanda [he/him]@hexbear.net
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      1 year ago

      For comparison US and EU have sunk easily 4 times that in Ukraine.

      • ashinadash [she/her]@hexbear.net
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        1 year ago

        China is spending less here than a single aid package to Israel from the USA.

  • SorosFootSoldier [he/him, they/them]@hexbear.net
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    1 year ago

    Pls sir, Mr. Xi, may I move to China and live in one of these houses?

    • CommunistBear [he/him]@hexbear.net
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      1 year ago

      Honestly, I wouldn’t mind having my surplus value extracted anywhere near as much if I knew that it was going to building communism/socialism instead of some rich asshole’s pocket

  • ☂️-@lemmy.ml
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    1 year ago

    i mentioned they would do this to a lib here and he said i was naive lol

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      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.

      • ☂️-@lemmy.ml
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        1 year ago

        true. people in my country think our “progressive” conciliatory socdem president is dictatorial communism.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          1 year ago

          at this point communism just means things I don’t like for most people in the western sphere

    • Aquilae [he/him, they/them]@hexbear.net
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      1 year ago

      Reply to them again with this article lol. Might be funny

  • YearOfTheCommieDesktop [they/them]@hexbear.net
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    1 year ago

    xi-pog

  • mayo_cider [he/him]@hexbear.net
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    1 year ago

    Clear proof that the Chinese economy is collapsing, just wait and see

    • Parculis Marcilus
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      1 year ago

      It’s going to collapse after a century, just wait and see tank**.

  • Feinsteins_Ghost [he/him]@hexbear.net
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    1 year ago

    xigma-male

  • idkmybffjoeysteel [he/him]@hexbear.netBanned
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    1 year ago

    Hope they paid “market value” and not inflated prices

  • ashinadash [she/her]@hexbear.net
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    1 year ago

    GOD I WISH THAT WERE ME cri

  • Hello_Kitty_enjoyer [none/use name]@hexbear.netBanned
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    1 year ago

    waow. basedbasedbasedbasedbased

  • Parculis Marcilus
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    1 year ago

    Is there a paywalless version of this article? If it’s Chinese version is also suffice since I can read in Chinese. Needless to say, this new is especially encouraging to see when it’s coming from a well-respected press in China. Even as an observer that is critical of China government, it is an especially good move from the them, just that I’m still hesitate to trust their local counterpart. As I’ve learnt more and more about China history after the overthrown of KMT, local bureaucrats always find a way to sneak pass through the legislation and suggestion from the central committee and fuck it up either for show or their own benefits. I wish this time it’ll result in a successful financial move cuz I’m really worry about local citizens of their financial stress after the crash of major housing developers.

    • polas [none/use name]@hexbear.net
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      1 year ago

      I found this Chinese version from the People’s Bank of China website, 国新办举行国务院政策例行吹风会 介绍切实做好保交房工作配套政策有关情况

      • Parculis Marcilus
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        1 year ago

        Thanks comrade! This is exactly what I wanted.

  • enleeten@discuss.onlineBanned from community
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    1 year ago

    Removed by mod

    • Self_Sealing_Stem_Bolt [he/him, they/them]@hexbear.net
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      1 year ago

      Oh look, a racist lib shocked-pikachu

    • GarbageShoot [he/him]@hexbear.net
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      1 year ago

      Why are you so fixated on that meme?

      • someone [comrade/them, they/them]@hexbear.net
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        1 year ago

        No need to be so mean to them, they’re just following the state department approved posting flowchart.

        • Weedian [he/him]@hexbear.net
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          1 year ago

          We need to be mean to them.

    • Weedian [he/him]@hexbear.net
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      1 year ago

      No. go away.

    • CrackBurger [none/use name]@hexbear.netBanned
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      1 year ago

      Pretty sure about 9/10ths of American apartments are filled with no people because rent is too high

    • pastalicious [he/him, undecided]@hexbear.net
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      1 year ago

      You forgot the crying laughing emoji

    • Tunnelvision [they/them]@hexbear.netBanned
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      1 year ago

      Imagine posting cringe like this.

    • MemesAreTheory [he/him, any]@hexbear.net
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      1 year ago

      countdown

    • bbnh69420 [she/her, they/them]@hexbear.net
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      1 year ago

      countdown

    • MaoTheLawn [any, any]@hexbear.net
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      1 year ago

      point-and-laugh-1 point-and-laugh-2

    • Weedian [he/him]@hexbear.net
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      1 year ago

      headpat

      smuglord

    • SorosFootSoldier [he/him, they/them]@hexbear.net
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      1 year ago

      no-choice

    • invalidusernamelol [he/him]@hexbear.net
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      1 year ago

      You’re very lost

    • Poison_Ivy [comrade/them]@hexbear.net
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      1 year ago

      Do you jack yourself off with tweezers when you make jokes this dull and gauche

      Like if you’re gonna be an insufferable lib you can at least have the temerity to not be unoriginal and boring

    • LesbianLiberty [she/her]@hexbear.net
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      1 year ago

      Wait, I don’t get this, can you explain the joke?

      Edit: damn I was just gonna yeet em

    • Skeleton_Erisma [they/them, any]@hexbear.net
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      1 year ago

      Can you like, shut up?

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