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.
What does this quote mean?
This quote can be used as a reminder to reflect, share encouragement, or express a thoughtful idea. Create a quote image or explore related quotes below.
Best used for
- Instagram captions
- Pinterest quote pins
- Personal reflection
- Speeches
- Greeting cards
Caption suggestions
Instagram caption
"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 #moneywealth #politicsgovernment
Pinterest title
In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities w…
Pinterest description
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
About Wang Shi
Wang Shi was a Businessman from People's Republic of China (1990–present).
Frequently Asked Questions
Who said "In the West, if a city faces financial difficulties, it'll go bankrupt. But in…"?
This quote is attributed to Wang Shi, a Businessman from People's Republic of China.
When did Wang Shi live?
Wang Shi lived from 1990 – present.
What is this quote about?
This quote touches on Money & Wealth, Politics & Government. Browse more quotes on these themes from the categories page.