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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 1 year 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 1 year ago

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.

[-] KevonLooney@lemm.ee 19 points 1 year 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.

[-] PolandIsAStateOfMind@lemmy.ml 3 points 1 year ago

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

this post was submitted on 25 Aug 2023
187 points (98.4% liked)

Damn, that's interesting!

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