Lee Duna@lemmy.nz to Damn, that's interesting!@lemmy.mlEnglish · 11 months agoTo circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.lemmy.nzimagemessage-square28fedilinkarrow-up1190arrow-down13file-text
arrow-up1187arrow-down1imageTo circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.lemmy.nzLee Duna@lemmy.nz to Damn, that's interesting!@lemmy.mlEnglish · 11 months agomessage-square28fedilinkfile-text
Context : https://www.theguardian.com/world/2023/jun/12/gold-bars-used-to-lure-chinese-homebuyers-amid-market-slowdown
minus-squareKevonLooney@lemm.eelinkfedilinkarrow-up21arrow-down2·11 months agoRead past the first paragraph: Part of the reason that property developers are struggling to shift stock is that several cities, in an effort to stabilise the market, have banned developers from cutting prices.
Read past the first paragraph: