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☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 2 years 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
  • china@lemmygrad.ml
  • 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 · 2 years ago
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  • cross-posted to:
  • brainworms@lemm.ee
  • china@lemmygrad.ml
  • 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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    2 years ago

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

    • DragonBallZinn [he/him, they/them]@hexbear.net
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      2 years 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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        2 years ago

        Shows what I know about economics!

  • WeedReference420 [he/him, they/them]@hexbear.net
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    2 years ago

    It must be so nice to live in a functional country

    • Pentacat [he/him]@hexbear.net
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      2 years 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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    2 years ago

    but at what c-

    oh, 42 billion.

    • nohaybanda [he/him]@hexbear.net
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      2 years ago

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

      • ashinadash [she/her]@hexbear.net
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        2 years 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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    2 years 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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      2 years 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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    2 years 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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      2 years 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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        2 years ago

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

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          2 years 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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      2 years ago

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

  • YearOfTheCommieDesktop [they/them]@hexbear.net
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    2 years ago

    xi-pog

  • mayo_cider [he/him]@hexbear.net
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    2 years ago

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

    • Parculis Marcilus@discuss.tchncs.de
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      2 years ago

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

  • Feinsteins_Ghost [he/him]@hexbear.net
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    2 years ago

    xigma-male

  • idkmybffjoeysteel [he/him]@hexbear.netBanned
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    2 years ago

    Hope they paid “market value” and not inflated prices

    • Detectorist@lemmygrad.ml
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      2 years ago

      That’s where my mind went too. Otherwise it’s just a bailout for the “investors”, albeit with a better outcome possibly since they’re converting them.

  • ashinadash [she/her]@hexbear.net
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    2 years ago

    GOD I WISH THAT WERE ME cri

  • Hello_Kitty_enjoyer [none/use name]@hexbear.net
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    2 years ago

    waow. basedbasedbasedbasedbased

  • Parculis Marcilus@discuss.tchncs.de
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    2 years 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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      2 years 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@discuss.tchncs.de
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        2 years ago

        Thanks comrade! This is exactly what I wanted.

  • enleeten@discuss.onlineBanned from community
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    2 years ago

    Removed by mod

    • Self_Sealing_Stem_Bolt [he/him, they/them]@hexbear.net
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      2 years ago

      Oh look, a racist lib shocked-pikachu

    • GarbageShoot [he/him]@hexbear.net
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      2 years ago

      Why are you so fixated on that meme?

      • someone [comrade/them, they/them]@hexbear.net
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        2 years 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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          2 years ago

          We need to be mean to them.

    • CrackBurger [none/use name]@hexbear.netBanned
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      2 years ago

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

    • Weedian [he/him]@hexbear.net
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      2 years ago

      No. go away.

    • pastalicious [he/him, undecided]@hexbear.net
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      2 years ago

      You forgot the crying laughing emoji

    • Tunnelvision [they/them]@hexbear.netBanned
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      2 years ago

      Imagine posting cringe like this.

    • MemesAreTheory [he/him, any]@hexbear.net
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      2 years ago

      countdown

    • MaoTheLawn [any, any]@hexbear.net
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      2 years ago

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

    • Weedian [he/him]@hexbear.net
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      headpat

      smuglord

    • bbnh69420 [she/her, they/them]@hexbear.net
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      2 years ago

      countdown

    • SorosFootSoldier [he/him, they/them]@hexbear.net
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      2 years ago

      no-choice

    • invalidusernamelol [he/him]@hexbear.net
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      2 years ago

      You’re very lost

    • Poison_Ivy [comrade/them]@hexbear.net
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      2 years 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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      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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      2 years ago

      Can you like, shut up?

    • highalectical@lemmygrad.ml
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      deleted by creator

      • shroobinator@lemmygrad.ml
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        2 years ago

        “Also from the article, one third of the new spaces will be used to store pots of honey.”

        • highalectical@lemmygrad.ml
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          deleted by creator

    • xkyfal18@lemmygrad.ml
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      fed

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