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China’s Deflation Danger Isn’t What You Think
- sam345 3y ago>If you’re looking for a China economy risk, this is the big one. LGFVs owe debts equal to roughly 50% of gross domestic product. Only around one-fifth of the 2,892 such vehicles hold sufficient cash on hand to meet their short-term debts and make interest payments, according to an analysis by the Rhodium Group It’s all a potential financial disaster. ??!! Wow
- sam345 3y agoNo paywall: https://archive.is/KTwa5 https://archive.is/KTwa5