> If you aren’t buying a house, you wouldn’t even notice.
I can't think of anyone I know that did not want to buy a house. It's a prerequisite for getting married. It's a prerequisite for having your kids get married. It's an investment vehicle. It's a store of value. It's all everyone talks about. Besides, rents have been going up everywhere.
> but wealth has been so concentrated that the number of losers will also be
These would-be losers are communist party bosses. I'm sure the peasants will feel the pain, not the bosses
I can't think of anyone I know that did not want to buy a house. It's a prerequisite for getting married. It's a prerequisite for having your kids get married. It's an investment vehicle. It's a store of value. It's all everyone talks about. Besides, rents have been going up everywhere.
> but wealth has been so concentrated that the number of losers will also be
These would-be losers are communist party bosses. I'm sure the peasants will feel the pain, not the bosses
> Xi isn’t really a dictator yet
https://qz.com/1112527/chinas-19th-party-congress-how-xi-jin...
https://www.economist.com/news/china/21590499-chinas-preside...