this post was submitted on 25 Aug 2023
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Damn, that's interesting!

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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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[–] argv_minus_one 2 points 1 year ago

How so? This looks like unscrupulous businesses finding loopholes in the regulations and the government being slow to close them. Same thing happens in the west.