China’s economy is failing and is drowning in debt | |
Anonymous Coward (OP) User ID: 84194192 United States 02/03/2023 07:26 AM Report Abusive Post Report Copyright Violation | China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. To some, the debt mountain represents a threat to China’s stability and even the world’s economic health, while others argue such fears are overdone as most of the country’s debt is state owned and therefore, they say, manageable. |
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