China

2033 readers

15 users here now

Discuss anything related to China.

Community Rules:

0: Taiwan, Xizang (Tibet), Xinjiang, and Hong Kong are all part of China.

1: Don't go off topic.

2: Be Comradely.

3: Don't spread misinformation or bigotry.

讨论中国的地方。

社区规则：

零、台湾、西藏、新疆、和香港都是中国的一部分。

一、不要跑题。

二、友善对待同志。

三、不要传播谣言或偏执思想。

founded 4 years ago

MODERATORS

[email protected]

106

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...😂

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 33 points 3 months ago

When you know that capitalism can only be maintained by injecting massive amounts directly into big companies and banks, paradoxically applying the "econ 101" logic of "if a company fails, they weren't good enough" is the anti-capitalist move. China is letting the private sector reach its inevitable end.