China Facing $9T Debt Crisis as Local Governments Default on Loans

China Facing $9T Debt Nightmare as Local Governments Default on Loans

China is dealing with a debt of more than 9 trillion dollars!

Local government’s are scrambling to pay off their loans.

China is facing an economic crisis that could cause issues not just for them but also for the entire world. If the people in charge in Beijing don’t find a solution, everybody could be in serious trouble.

Today, we’re going to talk about the crisis in China as local governments have defaulted on loans. There have been many changes in policy to help the situation, but it’s only getting worse.

In today’s video we look at China Facing $9T Debt Nightmare as Local Governments Default on Loans

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