Earlier quoted context omitted.
I'm in China, and I think you're wrong. The situation is absolutely catastrophic and we're slowly falling down the cliff. Those GDP numbers are BS, in the US, France or China, since they count public spending. Anyone can build ghost cities for billions, add it to GDP and show a growth of GDP: meant nothing more than a big dick number. Truth is when they ask a random dude on TV if he's ok with drinking Japanese radioa…
>our own homes our leased (up to 70 years) homes
You buy a house, there are expectations it's yours. Each time it's been tested the government had a choice between murdering desperate owners or accepting to just renew on the same terms. They chose to renew.
Freehold offer no more security: I come from a civil law, freehold country, well, the government can seize houses it wants at low cost any time anyway. Sometimes to build a highway, sometimes to rent to immigrants.