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>nationalizing things that are a drain Oh don't worry about that, Chinese banks have been making risk-free money for decades, propped up its stratospheric prop
by nomay 5y ago
>nationalizing things that are a drain
Oh don't worry about that, Chinese banks have been making risk-free money for decades, propped up its stratospheric property bubble and almost exclusively lend to SOEs (these SOEs then mark up it and re-lend or bulk-buy condo towers, shadowbanking at its finest) and avoid the private sector, probably no banks elsewhere are more of a leech than them.
SOEs themselves are ruthless leeches.