Birdwatch Note Rating
2024-03-13 15:53:53 UTC - NOT_HELPFUL
Rated by Participant: ED8D09F6ABB684EF4F533BEA978EF8CF6E4D5B03F6AA164317D5A18ED6D0AA6E
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