- 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...😂
😂
This was long-ago settled. You pays your money and you takes your chances, capitalists. Suck it up.
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.