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

China

Finance

Posted 13 d ago

Responses: 1

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CSM 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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