A Debt That Could Stunt China's Economy
Big Take
00:00
The Problem With Income Inequality in China
The income inequality in China is stock. Within cities you also have incredible gaps between the rich and the poor. This is a real problem and this has been growing as China has grown. The government wants to de-risk the economy by putting all this debt on the balance sheets but people are saying that's a great idea for everyone else not for me. We want to continue to borrow and spend so that we can develop our economy.
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Transcript
