Re:China to inject $174B of liquidity on Monday as markets r...
by danielrhodes on Sunday February 02, 2020 @03:16PM
(#22219147)
There’s no question that China does not have many of the catastrophic dysfunctions seen in the USSR. There did seem to be some attempt at a coverup or miscommunication early on, which no doubt made things much worse - but the response since has been at a level that would be quite hard to achieve in most other countries. This is an example of a case where centralized control really shines.
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