schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 8 months ago

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

216

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

schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 8 months ago

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.

Chat

frippa@lemmy.ml
link
fedilink
arrow-up
28·
8 months ago
Normalize not bailing out failing big businesses, hope we can bring that custom over here.
- mods_are_assholes@lemmy.world
  link
  fedilink
  arrow-up
  2·
  8 months ago
  Iceland got back on its feet after 2008 with a quickness because they jailed a bunch of bankers.

World News@lemmy.ml

worldnews@lemmy.ml

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

226 users / day
1.33K users / week
2.39K users / month
6.34K users / 6 months
5 local subscribers
32.3K subscribers
4.98K Posts
11.8K Comments
Modlog