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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF (finance.yahoo.com)

submitted 2 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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[-] REEEEvolution@lemmygrad.ml 42 points 2 months ago

The IMF is excellent at giving advice on how to develop your economy. Just do the opposite of what they recommend.

this post was submitted on 03 Aug 2024

106 points (99.1% liked)

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