A third of Chinese provinces now spend their entire revenue on debt repayments

3 comments

• ungreased0675 14 hours ago
  This has very important strategic implications. If there is a breaking point, what does it look like?
• toomuchtodo 15 hours ago
  Data: https://china.ucsd.edu/_files/2023-report_shih_local-governm...
• downrightmike 16 hours ago
  To be expected, they made all that money out of thin air with their land banks after all