schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 11 months ago

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

388

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

schizoidman@lemmy.ml to

World News@lemmy.mlEnglish · 11 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

FiniteBanjo@lemmy.today
link
fedilink
arrow-up
1·
11 months ago
That’s basically the entire definition of what a Ponzi Scheme is, though.

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.

332 users / day
2.57K users / week
5.3K users / month
12.9K users / 6 months
1 local subscriber
32.9K subscribers
10.8K Posts
105K Comments
Modlog