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China’s debt crisis continues to escalate

Cryptopolitan - ( 1 months ago )
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In an economic landscape reminiscent of Japan’s descent into stagnation in the early 1990s, China is currently facing a similar trajectory, albeit under different circumstances. A former adviser to China’s central bank, Li Daokui, has brought to light the staggering scale of debt accumulated by local Chinese authorities, a figure much higher than previously estimated. […] Read More