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 3 months 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 3 months ago* (last edited 3 months ago)

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