China's Local Debt Crisis: 70% Of Local Governments May go Bankrupt
China’s local debt crisis is no less than walking through a minefield blindfolded.
With 70% of the local governments standing on the edge of default, Beijing has got a storm on its hands.
What led China, the world’s second largest economy, to this Mount Everest of debt? Why are local governments bearing the brunt of Bejiing’s policies?
Is there a way out?
Stay tuned to find out.
In today's video we look at China's Local Debt Crisis: 70% Of Local Governments May go Bankrupt
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70% Of Local Governments in China Are Going Bankrupt
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