this post was submitted on 12 Mar 2024

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China's housing minister says real estate developers must go bankrupt if necessary (www.cnbc.com)

submitted 6 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml

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[–] driving_crooner@lemmy.eco.br 6 points 6 months ago

Not only that company but any other one is going to be incentivized to be irresponsible with their accounting and financial practices. What's going to happen if Google or Microsoft broke? Are they going to be rescued too?