yeah, so rent needs to come down and labor costs come down.
Taxing propery is needed to reduce property prices and rents while lower pricing reduces cost of living pressures reducing wage demand for higher wages reducing more inputs to stimulate activity.
I know it is easier said then done but the property price bubble in China killed Chinese strength and now the strong are struggling to survive while the weak falter
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yeah, so rent needs to come down and labor costs come...
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