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Communist Party would take over a larger share of the real-estate market, which for years has been dominated by the private sector. 👏 (www.wsj.com)

submitted 7 months ago by yogthos@lemmy.ml to c/china@lemmy.ml

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[–] lps@masto.1146.nohost.me 5 points 7 months ago (1 children)

@yogthos
That's the beauty of China, they're not dogmatic when it comes to their economy... If it isn't working, they pivot. Unlike here where the current system is considered infallible even if it's crashing and burning.

[–] yogthos@lemmy.ml 2 points 7 months ago

It's kind of ironic how one party systems and central planning are constantly being derided as being stagnant and inflexible in the west, yet it's clear that Chinese system is far more adaptable than any western system in practice.