Reported about 1 year ago
China's real estate crisis continues as local governments, like in Qingdao, aim to boost the housing market with various tactics. In one district, residents with significant bank savings but not purchasing property are being detained, leading to online ridicule and concerns that not giving birth to three babies could be next on the government's agenda. The district authorities have shifted their focus to selling real estate, with staff performance evaluations linked to promoting home purchases. These actions have sparked discussions about the government's stance on encouraging childbirth as a solution to declining birth rates. Suggestions have included tying the policy of having three children to benefits for public servants and imposing penalties on families unwilling to have children. The situation reflects a broader debate on population policies and social welfare in China.
Source: YAHOO