Wang Shi
"In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out."
1 Quotes
"In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out."
"في الغرب، إذا واجهت مدينة ضائقة مالية، فإن مصيرها الإفلاس. أما في الصين، فتتلقى المدن دعماً من وزارة المالية. ولهذا، لا يساور بعض المدن الصغيرة والمتوسطة قلق من الإفلاس، فهي تراهن على أن الحكومة المركزية ستمد لها يد العون."
Wang Shi
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