Feilner IT
Itamar Medeiros#China has faced many #EconomicProblems this year, from #deflation and record #YouthUnemployment to a #property crisis. But now, an even more worrisome threat is emerging: the colossal hidden #debt of China's #LocalGovernments. Some estimates put the #liabilities of China's local financing vehicles close to $10 trillion. https://flip.it/YKeyty
China's $10T hidden debt could be the 'ticking time bomb' Biden warned of
China has faced many economic problems this year, from deflation to record youth unemployment and a property crisis. But now, an even more worrisome threat is emerging: the colossal hidden debt of China's local governments.