> They’ll nationalize and inflate away any institutional debt or wipe it out
This is just the reverse, actually, China isn’t afraid to go so far as to jail CEOs. There is no such thing as too big to fail in China, and all the Chinese domestic companies know it. The bailout playbook is a western thing.
This is just the reverse, actually, China isn’t afraid to go so far as to jail CEOs. There is no such thing as too big to fail in China, and all the Chinese domestic companies know it. The bailout playbook is a western thing.