- cross-posted to:
- china@lemmy.ml
- cross-posted to:
- china@lemmy.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...😂
After giving lessons on socialism, China decided to teach IMF a class on capitalism as well.