While #China property industry may have gained some respite, some market participants said they plan to stay away from the sector until there is a rebound in home sales. #PropertyMarket #RealEstateCrash

After #CountryGarden debt deal, focus shifts to China property recovery prospects
https://business.inquirer.net/419063/after-country-garden-debt-deal-focus-shifts-to-china-property-recovery-prospects

They never really recovered from the #Evergrande debacle 2 years ago. Mindlessly doing a "Build, build, build" sank their #economy.
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"#China’s #RealEstate sector is unique in the massive size it contributes to the country’s #GDP—estimates are as much as 30%—and it is the major area in which citizens invest their savings, rather than in banks or wealth management products."

China's #PropertyMarket Is Critical for Growth. Now It's Broken. | Barron's
https://www.barrons.com/articles/chinas-property-market-is-critical-for-growth-now-its-broken-a0a851b4

@gandalf
@LienRag@miaou.drycat.fr
In practice yes. So we can imagine a world where you don't need to play silly financial games in the #stockMarket, or #propertyMarket while #gentrifying and destroying livelihoods to save enough for your household.

We don't need to worship the #corporations, and be sychophants to the banking #establishment. Worshipping them for the #credit they bestow, in exchange for believing and playing along with their racket and ponzi.

That's really the crux of it.