A third of Chinese provinces now spend their entire revenue on debt repayments
11 decimalenough 3 8/2/2025, 9:51:46 PM old.reddit.com ↗
Comments (3)
ungreased0675 · 7h ago
This has very important strategic implications. If there is a breaking point, what does it look like?
toomuchtodo · 7h ago
Data: https://china.ucsd.edu/_files/2023-report_shih_local-governm...
downrightmike · 8h ago
To be expected, they made all that money out of thin air with their land banks after all