- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
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China leads the way again.
Wonderful news for regular people. You love to see it.
“This is very bad!” scream analysts from ING, a real estate research institute and Goldman Sachs.
In late July, China’s top decision-making body, the Politburo, reiterated the country’s commitment to supporting the completion of unfinished projects and turning unsold apartments into affordable housing.
Won’t somebody think about the investors?
Sure, people can afford their own homes, but that’s not what housing is for!
As an aside, I love that they have to stick the “worlds second largest economy” line in, despite by every metric China being the worlds largest economy.
As an aside, I love that they have to stick the “worlds second largest economy” line in, despite by every metric China being the worlds largest economy.
For those like me who didn’t understand: China is the first economy if we rank them by GDP PPP. USA is the first by nominal GDP. So depending if you use the definition of the WTO or the IMF, China or the USA is the first economy. But, what is funny is that even IMF says that the USA is the first economy and Chine the second. That doesn’t fit their own figures
despite by every metric China being the worlds largest economy.
Excuse me, while i agree thay are first in such meaningless metrics like production of basically everything or infrastructure or housing, but what about the most important metrics, like the stonks and financial instruments?
You are correct. Their line go up for rich people metrics are abysmal
