this post was submitted on 31 Dec 2023
139 points (92.1% liked)

Technology

58013 readers
3333 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
L4s@lemmy.world
139
China launches test runs for world’s largest plant that can convert coal to ethanol (www.scmp.com)
submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world
62 comments fedilink hide all child comments
 

China launches test runs for world’s largest plant that can convert coal to ethanol::undefined

you are viewing a single comment's thread
view the rest of the comments
[–] umbrella@lemmy.ml -2 points 8 months ago (1 children)

keeping the population homeless is better?

[–] falkerie71@sh.itjust.works 0 points 8 months ago (2 children)

Am I talking to a brick wall or what?

[–] Oderus@lemmy.world 2 points 8 months ago (1 children)

You're playing pigeon chess my friend.

[–] falkerie71@sh.itjust.works 2 points 8 months ago

Maybe I am. Like, I won't pretend to be an expert, but the fact that they said "flooding the market with houses is a sound strategy" on one hand, and said it's a problem that requires a resolution on the other, just says to me that they don't know what they're talking about.

[–] umbrella@lemmy.ml -1 points 8 months ago* (last edited 8 months ago) (1 children)

i have the feeling im the one talking to a brick wall.

would you rather pay rent to a banker for the rest of your life? flooding the market is a sound strategy to make cheap housing.

[–] falkerie71@sh.itjust.works 1 points 8 months ago (1 children)

Flooding the market with unfinished buildings? Are you on crack or something? You have to actually finish it to call it "housing". And again, those property were built to be sold, and they weren't going to undersell them. Leaving both the buyer and the constructor with no money is not called a "sound strategy".

[–] umbrella@lemmy.ml 0 points 8 months ago* (last edited 8 months ago) (1 children)

oh, they are building cities to scam everyone out of money and destroy their own country, as if they didnt print it like crazy already. it all makes sense.

thats a very intelligent strawman right here. great argument, bro.

[–] falkerie71@sh.itjust.works 1 points 8 months ago* (last edited 8 months ago)

Even if it's not done out of malice and it's purely out of ignorance, to the end user/buyer, what difference does it make? Investors and employees alike protested in front of Evergrande office regardless, and owners are still left without a complete home, or without one entirely.

And are you really trying to give them a pass? A company so large they couldn't afford to make proper financial forecast and decisions? A country so powerful and literally has hands in private businesses, they couldn't see potential problems with it? Really? There were signs of a housing bubble since 2010!

Surprise surprise, China did end up actually detaining the chairman of Evergrande and some of it's senior employees for misusing funds. Makes so much sense.

More stuff to read:
https://www.bbc.com/news/world-asia-china-66956769
https://web.archive.org/web/20231229093805/https://www.nytimes.com/2023/12/05/business/china-evergrande-default-debt.html