thank you baker
Rodman before he freaked out
https://www.zerohedge.com/news/2018-10-13/violence-public-anger-erupts-china-home-prices-slide
Fast forward to today, when Beijing may be starting to sweat because whereas Chinese property developers usually count on September and October to be their “gold and silver” months for sales, this year has turned out to be different. As the SCMP reports, not only were sales figures grim for September, but the seven-day national holiday last week also brought at least two "fangnao" incidents – when angry, and often violent, homeowners protest against price cuts offered by developers to new buyers.
These protests are often directed at sales offices, with varying levels of intensity – from throwing rocks to holding banners and putting up funeral wreaths. The risk, of course, is that as what has gone up (wealth effect) will come down, and as home ownership has remained the most important channel of investment for urban households in China in the past decade, price cuts have become increasingly unacceptable and a cause for social unrest.
Just last week, angry homeowners who paid full price for units at the Xinzhou Mansion residential project in Shangrao attacked the Country Garden sales office in eastern Jiangxi province last week, after finding out it had offered discounts to new buyers of up to 30%.
some social unrest in China
https://www.msn.com/en-in/news/world/china-legalises-re-education-camps-for-uyghurs-in-xinjiang-inmates-to-get-%e2%80%98psychological-treatment%e2%80%99/ar-BBOgZ62?li=AAgges1
China appears to have legalised this week the controversial re-education camps in restive Xinjiang as “vocational training institutes”, where inmates influenced by religious extremism will be reeducated and transformed, amid mounting international pressure.
“Governments at the county level and above can set up education and transformation organisations and supervising departments such as vocational training centres, to educate and transform people who have been influenced by extremism,” the Hong Kong-based South China Morning Post quoted a new clause in the “XUAR Regulation on Anti-Extremism” as saying.
thanks anon its saved