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Posted on Nov 9, 2024
China announces trillion-dollar bailout as debt crisis looms | Semafor
LTC
Eugene Chu
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China's economy continues to struggle in 2024 due to debt at the local government level and their national government needing to bail them out.
China announces trillion-dollar bailout as debt crisis looms | Semafor
Posted from semafor.com
Posted in these groups:
China
Economy
Finance
Posted 13 d ago
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Chuck Stafford
Posted 3 d ago
I see a purge of leadership/capitol punishment when those local govts get the money and fail.
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