Re:Circulating in China’s Financial System: More Than $200B ...
by kazinator on Friday August 09, 2019 @02:33PM
(#20657113)
> Mr. Zhang can’t seem to get paid on time. He is now accepting the financial equivalent of i.o.u.s from as many as one-third of his clients instead of cash.
> “It wasn’t like this before,” he said. But, he added, “it’s better than nothing.”
Dude is crazy/stupid. These papers are completely worthless. How is that "better than nothing"?
When he goes grocery shopping to feed his family, do they take these i.o.u's?
> “It wasn’t like this before,” he said. But, he added, “it’s better than nothing.”
Dude is crazy/stupid. These papers are completely worthless. How is that "better than nothing"?
When he goes grocery shopping to feed his family, do they take these i.o.u's?