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China’s economic miracle turns to fiscal crisis (asiatimes.com) 🤡 PANIC IN THE CB 🤡

posted 1 year ago by seernewday 1 year ago by seernewday +148 / -0

China's economic miracle turns to fiscal crisis

China’s economic growth "miracle" has begun to be overshadowed by an evolving fiscal challenge. The depletion of local governments’ credit capacity has

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– Plebbitimmigrant 4 points 1 year ago +4 / -0

Indeed. China is notorious for under or over reporting numbers on absolutely everything. Normally based off of whatever makes them look good.

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– proforma1 2 points 1 year ago +2 / -0

Kind of like our government. I don't know when it officially began but I know Obama did it, maybe our president, Trump, and Biden is still doing it. So I am not certain how long it has been going on here though.

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