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Too big to fail? Not in China: Boom Bust looks at how Beijing deals with speculative markets Too big to fail? Not in China: Boom Bust looks at how Beijing deals with speculative markets
(3 months later)
While everyone expected Beijing to bail out real estate giant Evergrande, saying the company was too big to fail, the Chinese government has so far taken a different approach to dealing with the crisis.
RT’s Boom Bust looks at China’s strategy, which appears to be to teach the market not to be wildly speculative or to think the government will always step in to save a mismanaged company.RT’s Boom Bust looks at China’s strategy, which appears to be to teach the market not to be wildly speculative or to think the government will always step in to save a mismanaged company.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section