70% Of Local Governments in China Are Going Bankrupt

China’s Local Debt Crisis: 70% Of Local Governments May go Bankrupt

China’s local debt crisis is no less than walking through a minefield blindfolded.

With 70% of the local governments standing on the edge of default, Beijing has got a storm on its hands.

What led China, the world’s second largest economy, to this Mount Everest of debt? Why are local governments bearing the brunt of Bejiing’s policies?

Is there a way out?

Stay tuned to find out.

In today’s video we look at China’s Local Debt Crisis: 70% Of Local Governments May go Bankrupt

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