• CaptainSpaceman@lemmy.world
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    5 months ago
    • Build shit to make the economy look better

    • Nobody rents buildings

    • Demo buildings

    • Repeat

    China been doing that for years now, thats why Evergalrande failed and why a bunch of other Chinese property companies are fucked beyond belief

    Editing to add this about Chinas banks:

    https://feddit.org/post/860818