this post was submitted on 03 Aug 2024
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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF (finance.yahoo.com)
submitted 1 month ago by [email protected] to c/[email protected]
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“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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[–] [email protected] 0 points 1 month ago (1 children)

The context is that the West doesn’t know how any of this works. You’re not the one who’s confused.

[–] [email protected] 0 points 1 month ago (1 children)

They know how it works it's just that their goals are antagonistic with the evil CCP's. The IMF, which is gravely concerned about China and the Chinese, wants houses to be speculative assets so that they are overpriced and there are a ton of homeless people a la USA.

[–] [email protected] 0 points 1 month ago* (last edited 1 month ago)

That’s of course what they wanted: to neoliberalize China. And the fact that they thought they might get it is funny.