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15min chapter
#218 China’s Headed For an Economic Black Hole | Christopher Balding
China Unscripted
China's Increasing Debt and Unsustainable Infrastructure Model
The chapter discusses the increase in debt in China and its connection to CCP policies. It explains how local governments and construction companies became dependent on the money and had to hit their GDP targets. The government encouraged borrowing and building projects, even if they were not needed, creating a vicious cycle.
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