this post was submitted on 03 Aug 2024
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China

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GrainEater@lemmygrad.ml
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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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[–] supersolid_snake@lemmygrad.ml 12 points 3 months ago (1 children)

Some of the most evil institutions ever created. Vultures at least wait for you to die.

[–] cayde6ml@lemmygrad.ml 10 points 3 months ago (1 children)

Vultures also aren't evil, they are just garbage disposal birds that mean no harm. More than can be said for the IMF.