this post was submitted on 12 Mar 2024
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[–] Lemmygradwontallowme@hexbear.net 7 points 7 months ago* (last edited 7 months ago) (1 children)

how much of these developments were greenlit by government officials who are now refusing to foot the bills?

By that logic, most U.S real estate companies like Blackrock and Freddie Mae would be greenlit, could you be more specific...

If we just mean which ones were state-owned (because "privatized gains, privatized losses" as one said), not much

According to even "China collapser" Michael Pettis:

https://twitter.com/michaelxpettis/status/1610265849528717318/photo/1

Then again, it's Caixin, so you can double-check...

[–] FiniteBanjo@lemmy.today 1 points 7 months ago (1 children)

That graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said...?

[–] Lemmygradwontallowme@hexbear.net 7 points 7 months ago* (last edited 7 months ago)

Well, I thought the nationalizations were more of a response, than the cause of what happened, then again...

I mean, didn't the whole crisis start from 2020... so I don't understand the contradiction in my argument here...

Elaborate it a bit more?