The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 2 months ago

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

CommunistBear [he/him]@hexbear.net · 2 months ago

Honestly, I wouldn’t mind having my surplus value extracted anywhere near as much if I knew that it was going to building communism/socialism instead of some rich asshole’s pocket

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global