China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF

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https://finance.yahoo.com/news/china-rejects-1-trillion-housing-100000832.html

“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...😂