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  • iridaniotter [she/her, they/them]@hexbear.netEnglish
    4·
    9 months ago

    China would have suffered from having too much property. As in a decent chunk of their economic growth was tied to the overproduction of the construction sector. Now that bubble is being deflated so as not to end up like Japan.

    • Awoo [she/her]@hexbear.netEnglish
      15·
      9 months ago

      Which just highlights the bullshit. It has not suffered.

      And that justification isn’t really anything to do with having too many properties but instead more to do with distribution of the economy, which is itself absurd because of course it was always going to pivot into something else when it had enough.