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7 months agoThat’s a political win situation, regardless. What’s 10 million lives if you can claim that you successfully did the work that even the great leader Mao couldn’t achieve 50 years before?
That’s a political win situation, regardless. What’s 10 million lives if you can claim that you successfully did the work that even the great leader Mao couldn’t achieve 50 years before?
New investors were covering existing loans you mean!
No Ponzi scheme here, nothing of the sort. Just good old economics!
But yes, they sold apartments and used the proceeds to finance existing, already sold buildings that weren’t built yet.