this post was submitted on 12 Mar 2024
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China's housing minister says real estate developers must go bankrupt if necessary (www.cnbc.com)
submitted 8 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml
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[–] Blue_Morpho@lemmy.world 6 points 8 months ago* (last edited 8 months ago)

wipe out the savings

It's zero sum to the population. Every dollar lost by an investor is a dollar saved by a new family buying a home.