China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
  • @realharo@lemm.ee
    2•1 year ago

    But what is the actual real-world practical solution for those people?

    Are they now just going to be broke (or even in debt) with no place to live?

    • @Alsephina@lemmy.mlEnglish
      3•1 year ago

      Someone buying an unfinished building likely already has a home. If they don’t they can buy one for much cheaper now since housing prices have gone down cuz of the real estate bubble popping.