These losses came at a hard time when the general popilation was suffering from significant equity loss, mainly real estate
Is this a reference to the 99 year leases people can get instead of full ownership or the citizens investment into big housing projects that some say are scams?
I am refering to the massive drop in real estate value that happen as over the last 2 years. Real estate is a primary wealth vehicle for urban Chinese.
Is this a reference to the 99 year leases people can get instead of full ownership or the citizens investment into big housing projects that some say are scams?
I am refering to the massive drop in real estate value that happen as over the last 2 years. Real estate is a primary wealth vehicle for urban Chinese.