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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

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.

Tags: city, government, financial

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About Wang Shi

Wang Shi may refer to:

Wang Shi (Tang dynasty) (fl. 9th century), Chinese official and general of the Tang Dynasty
Wang Shi (entrepreneur) (born 1951), Chinese businessman
Wang Shi (fencer), Chinese fencer