China's housing minister says real estate developers must go bankrupt if necessary - eviltoast
China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
  • HowMany@lemmy.ml
    203·
    8 months ago

    Unlike U.S. bailing out “too big to fail”, China says “fuck you - we keep the tax dollars for us.”.

    Near perfect capitalistic communism as is possible.