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Chinas BIGGEST Debt Problem Is Local
(00:01) China’s debt problem is largely local. While the central government’s debt is only about 21% of GDP, local governments account for over 50%, including substantial hidden debt. That brings local debt close to 90% of GDP, which is problema...(00:01) China’s debt problem is largely local. While the central government’s debt is only about 21% of GDP, local governments account for over 50%, including substantial hidden debt. That brings local debt close to 90% of GDP, which is problema... -
China Dumps US Debt Fearing a Capitalist Armageddon
(00:50) Capitalism has always had financial problems the way the system works produces financial problems here in the United States we have a governmental system that works as follows on the one hand you have corporations and the rich they are a m...(00:50) Capitalism has always had financial problems the way the system works produces financial problems here in the United States we have a governmental system that works as follows on the one hand you have corporations and the rich they are a m...
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