Rating agency says Beijing may need to bail out local governments as property sector collapses
  • knfrmity
    42·
    2 years ago

    I’m not sure I’d say it’s the same. The US bails out the revered private corporation. Moodys is one hundred percent on board with that.

    With SOEs and governments there’s no major shareholders who stand to win, so there’s no reason for a bailout by their logic.