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

submitted 3 months ago* (last edited 3 months ago) by yogthos@lemmy.ml to c/china@lemmy.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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[–] PanArab@lemmy.ml 5 points 3 months ago

Why is the IMF getting involved? It is none of its business.