If this is true, why are the Chinese buying real estate all over the globe? Something’s not adding up here.
Because houses are used for speculation in the countries where they are buying them
It’s not the Chinese buying real estate in the west, it’s Chinese capitalists. A lot of Hong Kong bourgeois for example have been buying property in and in many cases have moved to the west since 1997, since they’re terrified of losing their extortionate privilege of property ownership under the dictatorship of the proletariat.
Working class Chinese people, while on average wealthier than their western working class counterparts, do not have the capital nor the material interest to buy real estate in the west, whether for speculation or to move their ill gotten gains out of China.
Stupid Chinese don’t know that if you increase rent every year, GDP will go up.
the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
Westoid economists were screaming about how China’s real estate market is overheated and will crash, and now that the CPC has done something about it, they’re screaming about how the real estate market isn’t growing as fast so China is doomed.
