Facing A Housing Hard-Landing, Chinese Propaganda Goes All-In: “Set Positive Agenda; Boost Market Confidence”
by Tyler Durden
ZeroHedge.com
04/05/2015
With China’s economy facing an imminent hard-landing unless it succeeds in stabilizing its housing sector, what is China doing? The same thing that the US has been doing over the past 7 years using such traditional propaganda pathways as mainstream media and Financial TV outlets such as CNBC, however with an emphasis on real-estate instead of stocks: it has unleashed an unprecedented propaganda onslaught by its “Department of Truth” urging China’s population to drop everything and back the truth up with a brand new Chinese house… or second… or third. Because unless it succeeds to get the local population to jump right back on the housing bandwagon, the hard landing beckons.
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