«The cherry on top is that China itself is now trapped: it simply can't afford to let anyone default, as one bankruptcy would cascade
across the entire bond market and wipe out countless corporations leaving millions of angry Chinese
workers unemployed, and is therefore forced to keep bailing out insolvent companies over and over.
Therefore, if enforced, these principles might improve the level of protection for certain groups of people (
workers,
unemployed, self - employed and others)
across the Union.