CommieCretzl comments on To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.

To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers. (lemmy.nz)

submitted 2 years ago by throws_lemy@lemmy.nz to c/damnthatsinteresting@lemmy.ml

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Context :

https://www.theguardian.com/world/2023/jun/12/gold-bars-used-to-lure-chinese-homebuyers-amid-market-slowdown

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[–] CommieCretzl@hexbear.net 12 points 2 years ago (2 children)

Where in this article does it say anything about local government restrictions? It says that this is a single housing firm doing this as a marketing stunt.

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[–] KevonLooney@lemm.ee 19 points 2 years ago

Read past the first paragraph:

Part of the reason that property developers are struggling to shift stock is that several cities, in an effort to stabilise the market, have banned developers from cutting prices.

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[–] PolandIsAStateOfMind@lemmy.ml 3 points 2 years ago

It's usual for the western social media to point out anecdotal occurings and then project it on entire country as normality.

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