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schizoidman@lemm.ee to Not the Onion@lemmy.mlEnglish · 10 months ago

$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy

www.latimes.com

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$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy

www.latimes.com

schizoidman@lemm.ee to Not the Onion@lemmy.mlEnglish · 10 months ago
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Chinese consumers have become increasingly frugal. Experts say that's bad news for the country's economy.

cross-posted from: https://lemm.ee/post/45792214

  • davel [he/him]@lemmy.ml
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    10 months ago

    It is not the Chinese working class is who is getting soaked by those, it is foreign and domestic capitalists.

    • Reuters: China Evergrande ordered to liquidate in landmark moment for crisis-hit sector
    • Bloomberg: China Reiterates Stance That Homes Are Not for Speculation
    • CNBC: China’s housing minister says real estate developers must go bankrupt if necessary

    .

    “We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,” an English-language version of the report said.

    • Shiggles@sh.itjust.works
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      10 months ago

      I’m definitely going to trust a .ml on a topic about the Chinese government

      • CommanderCloon@lemmy.ml
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        10 months ago

        Le big tankie Bloomberg and evil stalinist CNBC

        I would tell you to go back to your echo chamber but if you don’t even trust sources from pro-capitalist, pro-west sources, just because a “tankie” sourced it then you’re way too far gone for any form of discussion

        • Shiggles@sh.itjust.works
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          10 months ago

          Oh no! More .ml comments to shame me!

          Let me be clear - I will not, ever, believe anything, anywhere on Lemmy, anyone tells me about the Chinese government. I don’t even think you’re necessarily in the wrong in this particular instance, it’s just not even worth considering it.

          • davel [he/him]@lemmy.ml
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            10 months ago

            Such a principled stance. You should add that to your profile.

            • JamesStallion@sh.itjust.works
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              10 months ago

              I remember you making a pretty impassioned case that discussion and the marketplace of ideas are not useful Davel. This is what that attitude looks like from the other side I guess.

      • davel [he/him]@lemmy.ml
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        10 months ago

        Amazing. Even Western corporate media articles magically transform into $evil_country propaganda when posted by le evil tankies.

        🍆 ✊

        • reagansrottencorpse@lemmy.ml
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          10 months ago

          You have a lot of nerve being well informed pal!

      • TheOubliette@lemmy.ml
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        10 months ago

        Absolute baby behavior

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