filoria@lemmy.ml to World News@lemmy.worldEnglish · 11 months agoAustralia to triple fees on foreigners buying existing homes, penalise them if they leave properties emptywww.scmp.comexternal-linkmessage-square65fedilinkarrow-up1855arrow-down17
arrow-up1848arrow-down1external-linkAustralia to triple fees on foreigners buying existing homes, penalise them if they leave properties emptywww.scmp.comfiloria@lemmy.ml to World News@lemmy.worldEnglish · 11 months agomessage-square65fedilink
minus-squareJin@lemmy.worldlinkfedilinkEnglisharrow-up8·11 months agoI think Chinese people can’t really invest in China because corruption and government can take everything you own without a reason. Looking at property crisis in China https://www.bbc.com/news/world-asia-china-62402961 Not to mention bank crisis around China https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts So it makes sense to have a foreign investment + they can flee and live there if something should happen
I think Chinese people can’t really invest in China because corruption and government can take everything you own without a reason.
Looking at property crisis in China https://www.bbc.com/news/world-asia-china-62402961
Not to mention bank crisis around China https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts
So it makes sense to have a foreign investment + they can flee and live there if something should happen