4 ms·

what measures have they taken?

jpgvm 4y ago
The biggest one has been deflating their property bubble. It still remains woefully unaffordable but they have stalled the relentless rise in housing costs and have started to even bring them down in some cities. Their "housing is for living, not speculation" policy along with 3 red lines and directives to deleverage developer firms are all taking effect. They banned for-profit tutoring to bring down the cost of raising children (but also ensure children have time to be children). These services are now offered by or in-cooperation with the state school system and no-longer teach the same subjects as are taught during normal school hours. i.e they basically converted it into educational after-school day-care that is strictly non-profit. 1 child policy was replaced by 2 child policy, then 3 and finally abolished. Ironically this was only ever applied to Han Chinese, minorities like Ughyrs have always had uncapped family sizes (another massively misunderstood fact about China but getting into it would just lead to downvote brigade by people that have never even been to China). So yeah the plan is to reduce cost of living, drive down costs of having children in particular, allow people to have as many children as they want and soon I imagine we will see direct incentives to have children.
- seibelj 4y ago
  Private tutoring will always be available to the rich. The various bans on personal freedom will keep life mediocre and ambitions small for the majority. China won’t reverse anything and their authoritarian nature will (as always) lead to ruin.
  - pm90 4y ago
    Authoritarianism doesn’t always lead to ruin. It does have negative effects (stifling innovation, increasing likelihood of disastrous civil wars and revolutions etc.) but its not a given. With China, we’ve seen it go both ways: Disaster under Mao and revitalization under Deng Xiaoping. What will leadership under Xi look like? Remains to be seen.
    - mr90210 4y ago
      Have you lived in an authoritarian country?
    - FredPret 4y ago
      Deng did well because he unclenched a little
      - pm90 4y ago
        Yes he did. I don't know very much about him yet, but his life seems to be a fascinating one of gently guiding a failing state (that failed on epic proportions) back into normalcy and then into rapid growth.
  - chiefalchemist 4y ago
    If you compared China minus 50 years with China of today then ruin doesn't look so bad. Take away The West's (citizens) bailing out their financial markets (circa 2007 / 08) and again authoritarian ruin doesn't look so bad. I'm not stumping for China or authoritarianism; only pointing out that it's early days and there's more to that picture than brash big brush judgements.
  - alexashka 4y ago
- wnolens 4y ago
  That's so interesting. I like all of those ideas in theory. Housing for living not profit, equality of opportunity for children, population at replacement (2 per couple) no more. I guess it really takes an authoritarian gov forcing it for those principles to be lived. North American politicians claim to be about some of these things, but it's structurally impossible in a free society.
- bko 4y ago
  > Ironically this was only ever applied to Han Chinese, minorities like Ughyrs have always had uncapped family sizes (another massively misunderstood fact about China but getting into it would just lead to downvote brigade by people that have never even been to China). I'm from the west and I've never heard a defense or Chinese perspective. I understand that a lot of media we consume in the US is biased, especially on domestic issues abroad. Can you provide a link that explains the misunderstanding?
- sleightofmind 4y ago
  I have a simple metric for judging the housing market (well, existing, single-family homes, anyway). I open Zillow, sort homes from Low Price to High Price, and count the number of price cut notifications on each page of 40-homes. I also exclude houses built in 2022. In Inland Southern California, very close to 25-percent of the homes have significant price cuts. Something similar seems to be happening in a few other places I'm interested in. Two months ago, in the community I live in, there were zero homes with a price cut notification on their listing. Now it's 25-percent plus. Yeah, my method is not sophisticated, but then neither am I. It is, however, up to date. I ignore prognosticating real estate experts... always.

The biggest one has been deflating their property bubble. It still remains woefully unaffordable but they have stalled the relentless rise in housing costs and have started to even bring them down in some cities. Their "housing is for living, not speculation" policy along with 3 red lines and directives to deleverage developer firms are all taking effect. They banned for-profit tutoring to bring down the cost of raising children (but also ensure children have time to be children). These services are now offered by or in-cooperation with the state school system and no-longer teach the same subjects as are taught during normal school hours. i.e they basically converted it into educational after-school day-care that is strictly non-profit. 1 child policy was replaced by 2 child policy, then 3 and finally abolished. Ironically this was only ever applied to Han Chinese, minorities like Ughyrs have always had uncapped family sizes (another massively misunderstood fact about China but getting into it would just lead to downvote brigade by people that have never even been to China). So yeah the plan is to reduce cost of living, drive down costs of having children in particular, allow people to have as many children as they want and soon I imagine we will see direct incentives to have children.

seibelj 4y ago
Private tutoring will always be available to the rich. The various bans on personal freedom will keep life mediocre and ambitions small for the majority. China won’t reverse anything and their authoritarian nature will (as always) lead to ruin.
- pm90 4y ago
  Authoritarianism doesn’t always lead to ruin. It does have negative effects (stifling innovation, increasing likelihood of disastrous civil wars and revolutions etc.) but its not a given. With China, we’ve seen it go both ways: Disaster under Mao and revitalization under Deng Xiaoping. What will leadership under Xi look like? Remains to be seen.
  - mr90210 4y ago
    Have you lived in an authoritarian country?
  - FredPret 4y ago
    Deng did well because he unclenched a little
    - pm90 4y ago
      Yes he did. I don't know very much about him yet, but his life seems to be a fascinating one of gently guiding a failing state (that failed on epic proportions) back into normalcy and then into rapid growth.
- chiefalchemist 4y ago
  If you compared China minus 50 years with China of today then ruin doesn't look so bad. Take away The West's (citizens) bailing out their financial markets (circa 2007 / 08) and again authoritarian ruin doesn't look so bad. I'm not stumping for China or authoritarianism; only pointing out that it's early days and there's more to that picture than brash big brush judgements.
- alexashka 4y ago
wnolens 4y ago
That's so interesting. I like all of those ideas in theory. Housing for living not profit, equality of opportunity for children, population at replacement (2 per couple) no more. I guess it really takes an authoritarian gov forcing it for those principles to be lived. North American politicians claim to be about some of these things, but it's structurally impossible in a free society.
bko 4y ago
> Ironically this was only ever applied to Han Chinese, minorities like Ughyrs have always had uncapped family sizes (another massively misunderstood fact about China but getting into it would just lead to downvote brigade by people that have never even been to China). I'm from the west and I've never heard a defense or Chinese perspective. I understand that a lot of media we consume in the US is biased, especially on domestic issues abroad. Can you provide a link that explains the misunderstanding?
sleightofmind 4y ago
I have a simple metric for judging the housing market (well, existing, single-family homes, anyway). I open Zillow, sort homes from Low Price to High Price, and count the number of price cut notifications on each page of 40-homes. I also exclude houses built in 2022. In Inland Southern California, very close to 25-percent of the homes have significant price cuts. Something similar seems to be happening in a few other places I'm interested in. Two months ago, in the community I live in, there were zero homes with a price cut notification on their listing. Now it's 25-percent plus. Yeah, my method is not sophisticated, but then neither am I. It is, however, up to date. I ignore prognosticating real estate experts... always.