normal_user [they/them, any]

  • 3 Posts
  • 18 Comments
Joined 2 years ago
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Cake day: July 12th, 2023

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  • Just to make things more clear for people, this is about subcontractors, employed by what looks to be a local building company that is making a new factory for BYD EVs.

    I think the article’s title really makes it look like BYD is the one withholding passports and wages, but actually they are not and inside the article they say BYD has already asked the subcontractor to improve working conditions before it became news, but they didn’t comply.

    The article doesn’t specify how much BYD’s executives knew or if they had the ability to change things by their own choise.






  • While some parts of this could be seen as a bailout to some of the companies, it is also true that they are building houses for people that already bought them. According to the article they will also cut interest rates on mortgages, which is good for people with a difficult financial situation and “On Saturday, finance ministry officials also announced measures to prop up the property sector, allowing local governments to use funds from special bonds to buy unsold homes and idle land.” This seems to also be a good development as the government itself takes back control of some of its land. Instead of a bailout where the government buys debt, they are buying houses and land (that, according to the article, has gone down in price) which is obviously much better.