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World News@lemmy.mlEnglish · 9 months ago

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

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

schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 9 months ago

cross-posted to:
china@lemmygrad.ml

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.

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9 months ago
General Motors isn’t the backstop of the economy and they were rescued too.

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