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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]

26 comments fedilink hide all child comments

“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

It's actually quite hilarious. The CPC has made a fool out of these imperialist scum. They thought that they could infiltrate and overturn Chinese socialism. But socialist development is superior to capitalist development in every way. Even with market mechanisms in place. And a strong socialist state has prevented capital from taking power. Now all the imperialists can do is screech about China's "inevitable" collapse.