The Chinese have pulled the trigger and are taking serious steps to address the local property market. No question it is a monumental task and there is no certainty that the steps now being taken will address the underlying issue.
I would give credit for at least recognizing the structural threat that real estate is to the broader economy and actually trying to do something to address that threat.
https://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html
prc30 / Peter Alexander
npub1yy…4kawc
2024-05-19 23:59:46
Author Public Key
npub1yy3uc7y85faxy5cwq8f574yda3j9457p7r9h2ymlkwlx6lp8f4vsy4kawcPublished at
2024-05-19 23:59:46Event JSON
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"content": "The Chinese have pulled the trigger and are taking serious steps to address the local property market. No question it is a monumental task and there is no certainty that the steps now being taken will address the underlying issue.\n\nI would give credit for at least recognizing the structural threat that real estate is to the broader economy and actually trying to do something to address that threat. \n\nhttps://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html",
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