Part 2/11:
In the aftermath of the infamous Tiananmen Square protests in 1989, the Chinese Communist Party (CCP) became acutely aware of its vulnerability—its fear of dissent fueled a promise to the populace: remain silent and in return, expect job security, affordable homes, and the chance for wealth accumulation. For decades, this unspoken agreement bore fruit as the economy flourished, lifting millions out of poverty and establishing real estate as the backbone of personal finance for many families. In a culture where owning a home often equates to financial security and social status, the stakes are exceedingly high.