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A Debt That Could Stunt China's Economy
Big Take
The Problem With the Fiscal Restructuring in Heilung-Jang
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The population of Heilung-Jang shrank by 6.5 million people in 10 years. There are many, many coal towns and steel towns across the North East. The problem is that a lot of these impoverished places are also very heavily indebted as we saw in her gung. And someone has to deal with those debt problems which are holding the economy back.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode