Skip to content
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(South China Morning Post)   China's hidden local government debt rises to over half of GDP at US$8.2tril. 这很好   ( divider line
    More: Scary, Economics, local government debt rises, Goldman Sachs report, Local government financing vehicles, Tax, half of GDP, Goldman Sachs, Corporate finance  
•       •       •

577 clicks; posted to Business » on 29 Sep 2021 at 8:35 AM (33 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2021-09-29 7:53:57 AM  
1 vote:
Between this and Evergrande it looks like the property bubble is going to burst. Not sure what the ramifications will be, but I hope it is contained to China.
2021-09-29 9:06:35 AM  
1 vote:
The LGFVs are a tool for governments to borrow money without it appearing on their balance sheets

2021-09-29 9:27:38 AM  
1 vote:

Phil McKraken: China does not have an official account of local governments' hidden debt, as it is technically against the law, and private estimates by different institutions vary significantly.

I think the problem is that Communists suck at Economy. Nobody knows what's going on.

Naw. Indiana is the exact same way.
Displayed 3 of 3 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking

On Twitter

  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.