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

Tags: #Government, #City, #Small, #WangShi, #Chinese, #Businessman

Mini who’s who:

Wang Shi : Chinese Businessman
Born: 1951

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