Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

    • tal@kbin.social
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      1 year ago

      I have to say that of all things in China for Marxist-Lenninists to be defending, the Chinese urban real estate sector of 2023 seems like a pretty odd choice.

      • teft@startrek.website
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        1 year ago

        Read up on the concept of “face” in asian cultures. China doesn’t like it when they appear weak or stupid. In any arena.

    • teft@startrek.website
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      1 year ago

      Happens anytime you mention anything bad and china. The apologists and downvoters come out and play. Same thing used to happen on reddit.

    • greyfrog@lemmy.world
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      1 year ago

      That’s pretty rude. I’m all for critism where it is due but seems like in any article about China rather than discussing the article we use the article to prove our preconceived notion is truth.

      Same as I don’t automatically believe any article I read about UK/US/Europe.