Birdwatch Note Rating
2024-03-13 15:05:07 UTC - HELPFUL
Rated by Participant: 2310A44C68876E6FEAFE2608F01D75E4D0668828120A61393A3BD3639CE82700
Participant Details
Original Note:
Added context: Xi said this only after the real estate bubble burst. China has the most indebted property developers of the world. Evergrande and Country Garden alone have debts of roughly 500 billion USD. This is due to real estate speculation. https://www.bbc.com/news/business-58579833 https://www.reuters.com/world/china/long-before-rescue-talks-country-garden-struggled-build-homes-pay-bills-2023-11-09/ https://www.scmp.com/economy/china-economy/article/3232716/chinas-too-big-fail-property-giants-just-tip-real-estate-crisis-suppliers-are-being-dragged-death
All Note Details