My understanding is that local Chinese municipalities are going bankrupt due to the high amounts of debt that they have? [1]:https://www.cnn.com/2023/01/31/eco

My understanding is that local Chinese municipalities are going bankrupt due to the high amounts of debt that they have? [1]:https://www.cnn.com/2023/01/31/economy/china-local-governments-basic-services-debt-crisis-intl-hnk/index.html https://www.cnn.com/2023/01/31/economy/china-local-governmen... They are going through a real estate crash and their demographic situation bodes a very bleak long term future.