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4min chapter
Can China Save Itself From the Mounting Debt Crisis? || Peter Zeihan
The Peter Zeihan Podcast Series
Unraveling China's Local Government Debt Crisis
This chapter explores the staggering $8 trillion in local government debt in China and the implications of inadequate revenue generation for local governments. It also discusses the federal government's intervention to refinance a portion of this debt and the potential impact on China's economic stability.
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