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A third of Chinese provinces now spend their entire revenue on debt repayments
- downrightmike 1y agoTo be expected, they made all that money out of thin air with their land banks after all
- toomuchtodo 1y agoData: https://china.ucsd.edu/_files/2023-report_shih_local-government-debt-dynamics-in-china.pdf https://china.ucsd.edu/_files/2023-report_shih_local-governm...
- ungreased0675 1y agoThis has very important strategic implications. If there is a breaking point, what does it look like?