China’s $23 Trillion Local Debt Mess Is About to Get Worse - The Great Awakening

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China’s $23 Trillion Local Debt Mess Is About to Get Worse (finance.yahoo.com)

posted 1 year ago by seernewday 1 year 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...

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– PigBenis 6 points 1 year ago +6 / -0

If we are borrowing money from china....??? Who are they borrowing from?

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– GimmeMemes 6 points 1 year ago +6 / -0

Us, probably.

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