- cross-posted to:
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- cross-posted to:
- [email protected]
“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…😂
That’s of course what they wanted: to neoliberalize China. And the fact that they thought they might get it is funny.