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



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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

That's...clever?
 
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.
 
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