China’s Colossal Hidden-Debt Problem Is Coming to a Head - (When you add hidden local government debt - china’s debt burden is HIGHER than the US!) - Kotaku In Action 2

China’s Colossal Hidden-Debt Problem Is Coming to a Head - (When you add hidden local government debt - china’s debt burden is HIGHER than the US!) (archive.is)

posted 345 days ago by NatalieBiden 345 days ago by NatalieBiden +25 / -0

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– Raos044 2 points 344 days ago +2 / -0

Real estate debt or railway debt?

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– undecidedmask2 3 points 344 days ago +3 / -0

Most is tied up in real estate debt, which is why they keep building the ghost towns, as property is the only way to really invest if you're the average Chinese citizen.

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– Raos044 2 points 344 days ago +2 / -0

I recently heard that the guy in china in charge of the rail system admitted that the rail system has a debt worse than the real estate market.

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– undecidedmask2 2 points 344 days ago +2 / -0

I have seen their videos of high speed rail where the trains are photoshopped in lol. Wouldn't know about their train stuff though, haven't heard anything about it.

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– deleted 4 points 344 days ago +4 / -0

... continue reading thread?