I genuinely don’t know and would prefer getting perspectives from Lemmy rather than just reading generic facts. (Sorry if this seems lazy!)

I ask because China is communist, and sometimes I am afraid of some policies in China, like lack of free speech or free press. But I also think poverty and homelessness are a great evil and don’t know to what extent China has stopped this.

  • starlinguk@lemmy.world
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    2 days ago

    China introduced the “Homes are for living, not for investment” act a while ago. It’s significantly reduced the rents. Buying a place and renting it out isn’t really profitable anymore.

    So no, the property market isn’t capitalistic.