Gordon G. Chang on Nostr: The level of local government obligations to employees and businesses in #China is ...
The level of local government obligations to employees and businesses in #China is indeed “shocking.” The debt crisis can be postponed for a long time—as it has already—but the country will hit the wall, undoubtedly soon because #GDP looks like it is already contracting.
Published at
2024-10-24 09:37:27Event JSON
{
"id": "a4b6d5172945e5265b418b24333943d7d8ca0d28c1be903bbc8b5bde078bbaed",
"pubkey": "7e3c826096aef763fdd4088726aeca3f4d923fa5cca6daad843319b5dfef1579",
"created_at": 1729762647,
"kind": 1,
"tags": [
[
"t",
"China"
],
[
"t",
"GDP"
]
],
"content": "The level of local government obligations to employees and businesses in #China is indeed “shocking.” The debt crisis can be postponed for a long time—as it has already—but the country will hit the wall, undoubtedly soon because #GDP looks like it is already contracting.",
"sig": "266756b18fe76ade3a66b806b40185244e0911cc2b0265ee836ffad0896d35331ca3884924d50de65c2ba74b3b542de965bb65f4bff685bbbe28f7d707dbd087"
}
