Chinese government: Really out of money! Peculiar urban investment bonds & Wave of unpaid wages
#chinainsights #chinaeconomy #chinacovid
The biggest headache for the Chinese government right now is the people who are demanding their wages. Here's a banner at the entrance of a major hospital in a provincial capital city in northwestern China that reads, "Give me back my hard-earned money." But for local governments and related organizations, their purse is now empty.
A company born to lose money can’t exist in a normal market environment. But in red China, anything is impossible. All the operations of a CIC are commercial, yet it isn't subject to fiscal discipline and doesn't count as government liabilities.
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Видео Chinese government: Really out of money! Peculiar urban investment bonds & Wave of unpaid wages канала China Insights
The biggest headache for the Chinese government right now is the people who are demanding their wages. Here's a banner at the entrance of a major hospital in a provincial capital city in northwestern China that reads, "Give me back my hard-earned money." But for local governments and related organizations, their purse is now empty.
A company born to lose money can’t exist in a normal market environment. But in red China, anything is impossible. All the operations of a CIC are commercial, yet it isn't subject to fiscal discipline and doesn't count as government liabilities.
Have questions? Do you have something to share with us about China? We want to hear from you!
Email: Cinsights.subscription@gmail.com
Facebook www.facebook.com/EyesOnChina.
Your support allows us to produce more high-quality videos.
Consider donating at https://www.paypal.com/paypalme/ChinaInsights
Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.
Видео Chinese government: Really out of money! Peculiar urban investment bonds & Wave of unpaid wages канала China Insights
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