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@schizoidman@lemmy.ml to World News@lemmy.mlEnglish • 1 year ago

China's housing minister says real estate developers must go bankrupt if necessary

www.cnbc.com

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China's housing minister says real estate developers must go bankrupt if necessary

www.cnbc.com

@schizoidman@lemmy.ml to World News@lemmy.mlEnglish • 1 year ago
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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.
  • @frippa@lemmy.ml
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    39•1 year ago

    Normalize not bailing out failing big businesses, hope we can bring that custom over here.

    • @mods_are_assholes@lemmy.world
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      2•1 year ago

      Iceland got back on its feet after 2008 with a quickness because they jailed a bunch of bankers.

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