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The Chinese debt problem is the inevitable product of CCP politics and China's fiscal policy. The economic reforms were achieved based on massive local government debt. And the power struggle between the central and local governments has set the stage for China's debt crisis.
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#localgovernmentdebt #Chinesedebtproblem #Chineseeconomy #Chinanews #communistChina #Chinalocalgovernmentdebt #politicalstruggle #Chinaeconomicreforms #Chinesedebt
