“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...😂
https://finance.yahoo.com/news/china-rejects-1-trillion-housing-100000832.html
Yogthos /
npub1w9…yme5e
2024-08-03 03:20:57
Author Public Key
npub1w9ek5pzf5yvvs2c5g2cwcm69xk7ermh2x8y9am9xsnk0krqd0rtsdyme5ePublished at
2024-08-03 03:20:57Event JSON
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