- cross-posted to:
- china@lemmygrad.ml
- cross-posted to:
- china@lemmygrad.ml
“It would be inappropriate for the central government to directly provide fiscal support, as it could lead to expectation of future government bail-out and therefore moral hazards,” Zhang said.
Ouch, no handouts for the financial bros...😂
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😂
This was long-ago settled. You pays your money and you takes your chances, capitalists. Suck it up.
- 2017: China's Xi says to maintain principle property is not for speculation China will maintain the principle that houses are for people to live in, not for speculation […]
- 2024: China’s housing minister says real estate developers must go bankrupt if necessary
Glorious. This is the difference between a dictatorship of the bourgeoisie and a dictatorship of the proletariat.
This story alone proves China is not your typical capitalist state despite the insistence of ultras.
