China’s Local Gov’t Debt in 2020 was 50% Higher Than WB, IMF Estimates
by Mike Shedlock To meet GDP demand of the Chinese Government, unproductive debt in China soared out of sight. Who will pay for the losses and cleanup? Image clip from video below. Local Chinese Debt in Need of Bailout The East is Read reports China’s Local Govt debt in 2020 was 50% Higher than WB, IMF Estimates. …