China is surely jealous of the high food prices we have here in the West...
this post was submitted on 08 Feb 2024
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What's next? Affordable housing?
Actually, yes, but before.
BBC: "China property: New home prices see biggest fall since 2015"
Darn it! I knew they were planning to kill me personally after giving the bare necessities for life to their citizens
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?