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Publisher: Neutrality Studies
2024-11-07Chinas 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...
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