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submitted 1 year ago by MicroWave@lemmy.world to c/world@lemmy.world

Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.

China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group (3333.HK) defaulted on its debt obligations following a clampdown on new borrowing.

Big-name developers such as Country Garden Holdings (2007.HK) continue to teeter close to default even to this day, keeping home-buyer sentiment depressed.

As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show.

That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

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[-] Hyperreality@kbin.social 72 points 1 year ago* (last edited 1 year ago)

The world is really lucky that China's not doing that great at the moment. Not so long ago, China was winning the propaganda war internationally.

You don't want authoritarianism to win the argument by out-performing democracies.

[-] Serdan@lemm.ee 16 points 1 year ago

Show me a single democracy anywhere in the world.

[-] rbesfe@lemmy.ca 16 points 1 year ago

Alright I'll bite, what makes the world's declared democracies actually undemocratic in your mind?

[-] Serdan@lemm.ee 27 points 1 year ago

Billionaires directly or indirectly buying elections, politicians, drafting policies, funding propaganda, regulatory capture, etc.

[-] rbesfe@lemmy.ca 11 points 1 year ago

The democratic world doesn't start and end with America

[-] Serdan@lemm.ee 10 points 1 year ago* (last edited 1 year ago)

I live in Denmark. All liberal democracies are subject to the whims of billionaires.

Edit: oh wait, you're Canadian. That's fucking hilarious.

[-] kautau@lemmy.world 4 points 1 year ago

Sure, and I’ll agree that many places are actual democracies, but that doesn’t mean they’re free from corruption. You’re both sort of right. There are democracies that work. But none of them are without corruption.

[-] Serdan@lemm.ee 5 points 1 year ago

The corruption is baked into the system. I did not have anything illegal in mind when I wrote that list.

There can be no democracy without economic democracy.

[-] barsoap@lemm.ee 2 points 1 year ago

There can be no democracy without economic democracy.

Economic democracies are even rarer than political ones, and I'm not aware of any actually complete one. Europe still gets you closest, especially Germany and Austria, with very strong co-determination laws, in Germany's case reserving 50% - 1 board seats for the shop floor council -- the workers don't need much capital in that case to control the company.

And as far as I'm aware there's not, and never has been, a single country that is not politically a democracy that would be an economic democracy. Certain people might be thinking of state capitalist countries in that context but those never liked worker control of anything, not unions, not shop floor councils, not nothing. They just dressed themselves in it. Ask, random example, Solidarność.

[-] Serdan@lemm.ee 1 points 1 year ago
[-] hark@lemmy.world 5 points 1 year ago

I love how you're getting downvoted, likely by people who feel a sense of enlightenment in that they can identify Chinese propaganda that has been pointed out to them as such but have no clue about propaganda originating from their own country or from a country theirs is allied with.

[-] Lemminary@lemmy.world 6 points 1 year ago

Why is propaganda always the go-to argument? Even if I identify US propaganda, it doesn't make me more or less likely to hate it, which I don't, even if I disapprove of some of their measures as much as I do of my own country. It's such a baffling argument.

[-] Serdan@lemm.ee 3 points 1 year ago

Because most people are steeped in propaganda they don't see.

You say you don't hate USA. You should. The US state is engaged in several ongoing genocides. Can you name them?

[-] Lemminary@lemmy.world 2 points 1 year ago

"You should" 😂 Sounds to me like you have an agenda and are spreading propaganda of your own. But please, enlighten me on those genocides with reliable sources.

[-] Serdan@lemm.ee 2 points 1 year ago

I have convictions that inform my opinions. I think it's obvious that any decent person should hate USA, given their many, many crimes.

I guess you could characterize all communication as propaganda, but that seems rather pointless.

[-] Lemminary@lemmy.world 3 points 1 year ago

It's not pointless to say that when it's clear that you want to drive public opinion by only emphasizing and exaggerating the bad without sources. It's the literal definition of propaganda.

I still welcome that list of ongoing genocides with their credible sources.

[-] Serdan@lemm.ee 1 points 1 year ago

I'm not driving anything. I'm just a dude commenting on a public forum. You're being very silly. 🙄

When did I volunteer to educate you? That you can't answer, and seemingly think the very notion is ridiculous, is exactly the point.

[-] Lemminary@lemmy.world 1 points 1 year ago

Then why the need to denigrate the US and insist that there are active genocides without providing evidence? This isn't about educating anyone, it's about supporting your own claims. Very sus.

[-] Serdan@lemm.ee 1 points 1 year ago

No, it's about demonstrating your ignorance of reality due to propaganda.

Besides, it's obvious from your tone that you're going to dismiss anything I say. Why should I waste my time on that?

[-] Lemminary@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Then demonstrate it if that's the whole point. Is it that time consuming to copy and paste a URL from your history?

But no, you're just gonna bail at the first person pressing you for sources. Not a good look.

[-] Serdan@lemm.ee 1 points 1 year ago

Your answer to why I should waste my time seems to be that it would definitely be a waste of time.

What you're not grasping is that I don't owe you anything. I'm satisfied that you're profoundly ignorant.

Lose the attitude and maybe I'll humor you, but until then adios.

[-] Lemminary@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Lol Look at all these excuses and assumptions and now insults that you're making trying to wiggle out of it. Now it's clear to me that you're just making shit up and that you're trying to hide the fact that you got nothing.

Whatever point you thought you were making, you have made the opposite of that. I asked in earnest with an open mind but not so open that my brain falls out at your word. Now I must ask: are the current genocides in the room with us right now? 😂

[-] Serdan@lemm.ee 1 points 1 year ago

You have not at any point been earnest. If you had you wouldn't need me to spell it out for you. Either that or you're just so ignorant it's offensive.

Riddle me this, dipshit: when did the genocide of Native Americans end?

[-] Lemminary@lemmy.world 1 points 1 year ago

Either that or you’re just so ignorant it’s offensive.

Then educate, dipshit. You sure talk a lot but show nothing for it but instead you spread your fucking propaganda and lies. You had your chance to shut me up and yet here we are, with you running around in circles wasting more time trying to hide instead of simply pasting a simple URL but you've refused. How's that for "wasting time," asshole.

Riddle me this, dipshit: when did the genocide of Native Americans end?

You tell us. It's your fucking point I'm not gonna argue it for you. Ever heard of the burden of proof? Now's the time to learn. Talk about ignorance.

[-] wahming@monyet.cc 1 points 1 year ago

I live in Scandinavia. Please enlighten me about my country's propaganda

[-] hark@lemmy.world 1 points 1 year ago
[-] wahming@monyet.cc 2 points 1 year ago

You've generalised the whole world, what's a few countries?

[-] hark@lemmy.world 1 points 1 year ago

You've generalized my post to completely omit the "or from a country theirs is allied with" so you can cut the smartass act.

[-] barsoap@lemm.ee 1 points 1 year ago

According to the Danes, definitely.

Ironically, founded to "stop the encroachment by the Germans" the Kalmar union first had a Pommeranian King, and then a Saxon one.

[-] Serdan@lemm.ee 1 points 1 year ago
[-] Astroturfed@lemmy.world 12 points 1 year ago

They've hit the middle income trap while simultaneously upsetting all their trading partners. It's not going to be a pretty fall from grace. Fake numbers saying how awesome things are only work for so long.

[-] sndmn@lemmy.ca 6 points 1 year ago

I suspect a major reason for Putin's most recent crimes was to prevent his people learning how much their neighbours are prospering.

[-] Lols@lemm.ee 6 points 1 year ago

why dont we want that if its outperforming democracies

[-] kautau@lemmy.world 16 points 1 year ago

Ah the old “ends justify the means” argument. I’ve seen this one before somewhere

[-] Lols@lemm.ee 2 points 1 year ago

"the means", of course, being out-performing democracies

[-] spartanatreyu@programming.dev 16 points 1 year ago

"the means" in this case would be authoritarian repression.

"The means" always has to be something bad for the "ends" to try and justify reaching for "the means".

[-] Lemminary@lemmy.world 4 points 1 year ago

Can you give a briefer on how it's outperforming democracies? I don't mean to be confrontational, I really want to hear why you think that.

[-] Lols@lemm.ee 4 points 1 year ago

i dont have a briefer on how its outperforming democracies, im not the one that came up with that premise

[-] Lemminary@lemmy.world 2 points 1 year ago

Wait, what? But you said:

why dont we want that if its outperforming democracies

“the means”, of course, being out-performing democracies

I'm missing something here

[-] Lols@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

hyperreality said

You don’t want authoritarianism to win the argument by out-performing democracies.

i argued based on that premise

you can tell because of the use of the word "if" in this sentence

why dont we want that >if< its outperforming democracies

if that premise was nonsense from the start they probably shouldnt have run an argument off it

[-] Lemminary@lemmy.world 2 points 1 year ago

Ahh, right, thank you for clarifying. The way the thread is structured made it seem like you were the one claiming that even though you were bouncing off the other comment. I'll need to be more careful.

this post was submitted on 24 Sep 2023
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