Wang Shi quote

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.
Wang Shi
Wang Shi
Born: 1951

Topics

Finance, Government, Financial, Will, Difficulties, Medium-Sized, Worried, Out, Cities, Ministry, City, Some, About, Faces, Small, Go, West, Going, Bankrupt, Central, China, Central Government, Them, Figure, Help

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Related Authors

Chen Guangbiao, Chin-Ning Chu, David Tang, Henry Sy, Jack Ma, Jimmy Lai, John Gokongwei, Li Shufu

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