by Boo_Randy
More extend-and-pretend in China.
asia.nikkei.com/Business/Finance/China-readies-massive-bank-bailout-fund-as-slowdown-looms
Lifeline for big institutions aims to mitigate systemic risk in times of turmoil
BEIJING — China is expanding its safety net for the financial sector with a new rescue fund that could run into the tens of billions of dollars, as a cooling domestic economy and tightening monetary policy abroad pose growing risks.
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