In the West, if a city faces financial difficulties, it'll...

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 Quote About Central, Cities, City, Faces, Figure: In The West If A...

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