this post was submitted on 03 Aug 2024
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China

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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF (finance.yahoo.com)
submitted 3 months ago by yogthos@lemmygrad.ml to c/china@lemmygrad.ml
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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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[–] ksynwa@lemmygrad.ml 47 points 3 months ago (1 children)

They know how it works it's just that their goals are antagonistic with the evil CCP's. The IMF, which is gravely concerned about China and the Chinese, wants houses to be speculative assets so that they are overpriced and there are a ton of homeless people a la USA.

[–] davel@lemmygrad.ml 41 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.