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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[–] gandalf_der_12te@feddit.de 2 points 8 months ago

They have over a billion excess homes.

Which is good, because it keeps costs of living down, amiright?