Is China Setting the Agenda for Global South Debt Restructuring?
The China-Global South Podcast
The History and Dynamics of China's Domestic Debt
African scholars and stakeholders are calling on China to cancel debts, but they lack understanding of China's economic system. China has a history of economic fluctuations and debt accumulation since the late 90s. While the central government bailed out provinces in the past, they are now on their own due to domestic real estate troubles. The inability to generate revenue through land sales and lack of tax methods like property tax make it difficult for provinces to make money. Therefore, it is unlikely that the Chinese government will cancel debts for political reasons.
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