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by wqfeng 5756 days ago
I find my Chinese government is doing exactly what the article says. Especially on Rule #1 and #2. Most of the Chinese people have to work hard for 20-30 years to pay the house debt. Chinese economic has grown at the speed of 10% for many years from the government report. It has to grow like this at least another ten years. Or there will be a disaster. Workers will lose their jobs. The bank will take back the houses. Then most of them will feel like they get nothing in all their lives.
1 comments

How is this different from how it is in the west?

Work hard to pay off the house (or to save to buy a house), an economical crisis that doesn't seem to end no matter the company profits. Etc...