31 China’s $23 Trillion Local Debt Mess Is About to Get Worse (finance.yahoo.com) posted 303 days ago by seernewday 303 days ago by seernewday +31 / -0 China’s $23 Trillion Local Debt Mess Is About to Get Worse (Bloomberg) -- In 2021, a remote coal town in northeastern China was forced to undergo an unprecedented financial restructuring. Its struggles since are an ominous sign for President Xi Jinping as other heavily indebted municipalities look set to follow su... 9 comments share 9 comments share save hide report block hide replies
If we are borrowing money from china....??? Who are they borrowing from?
Us, probably.