It's not easy to see positive content about China on foreign websites.

The government has long been advocating "housing is for living, not for speculation," with various strict restrictions, sales and purchase limits, and leverage control. Before, when housing prices soared, many people rushed in, and when they made money, they thought they were brilliant; when they lost money, they blamed the government for deleveraging, ignoring that the government had repeatedly issued documents warning of risks. Instead, it was all someone else's fault.
I still remember when I first graduated in 2018 and worked in Guangzhou, a colleague, under pressure from his mother-in-law, bought an apartment in Zengcheng at 18,000 yuan per square meter. He told me that the apartment was now worth at least 20,000 yuan per square meter, and he gleefully described how he bypassed the government's price cap policy to buy the house as soon as possible by signing a dual-contract deal. At that time, the government had set a price ceiling to prevent Zengcheng's housing prices from rising too fast, and he signed a loan contract privately to buy the house.
I wonder how that guy is doing now. It seems everything has its own destiny, and we are powerless to change anything.