For true stories that are so ridiculous, that you could have sworn it was an !theonion worthy story.
First you steal peoples' money in endless real estate Ponzi schemes. Then you act surprised that they don't have any money left to spend.
It is not the Chinese working class is who is getting soaked by those, it is foreign and domestic capitalists.
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“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,” an English-language version of the report said.
This is an old story, except for the LA Times. The guy on Money and Macro explains the situation better in this vid: https://www.youtube.com/watch?v=7bOSWQttmvU