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Or 洋人 、 洋大人 I think there's an important aspect of China is that the gov just has so many tools to sway the economy, and status quo will always be tolerated an
by cauldron 8y ago
Or 洋人 、 洋大人
I think there's an important aspect of China is that the gov just has so many tools to sway the economy, and status quo will always be tolerated and supported as long as there are enough people are benefitting from it.
People has been worrying about the housing bouble for a decade now, but in China, the gov owns all city land, can dictate land price and supply,control condo price,it's like the perfect tool, it keeps enough people happy since the price is always rising at major cities, it keeps people loyal cause your fortune are on it, and it absords most of the money non-stop printed to prop up the Chinese economy.