Birdwatch Note Rating
2024-03-13 15:02:21 UTC - HELPFUL
Rated by Participant: 6A19DC47BC12ACA6DBDA8FEE67AF440012A25C8FB27F4068050D8E14B24DA3CF
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