I find my Chinese government is doing exactly what the article says. Especially on Rule #1 and #2. Most of the Chinese people have to work hard for 20-30 years to pay the house debt. Chinese economic has grown at the speed of 10% for many years from the government report. It has to grow like this at least another ten years. Or there will be a disaster. Workers will lose their jobs. The bank will take back the houses. Then most of them will feel like they get nothing in all their lives.
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I find my Chinese government is doing exactly what the article says. Especially on Rule #1 and #2. Most of the Chinese people have to work hard for 20-30 years to pay the house debt. Chinese economic has grown at the speed of 10% for many years from the government report. It has to grow like this at least another ten years. Or there will be a disaster. Workers will lose their jobs. The bank will take back the houses. Then most of them will feel like they get nothing in all their lives.
How is this different from how it is in the west?
Work hard to pay off the house (or to save to buy a house), an economical crisis that doesn't seem to end no matter the company profits. Etc...