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Protests Break Out As Chinese Cities Drown Under $10 Trillion In Debt, Fail To Make Payments

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Xu aiqiangNicholas borstMichael pettisLiu kunEngineering construction groupInternational monetary fundRhodium groupNew york basedLianhe ratings globalChinese finance minister liu kunSeafarer capital partnersSan francisco basedInternational monetaryWall street journalZunyi roadBridge engineering construction group

China May Face Financial Crisis With Cities Under Trillions Of Debt Following Zero-Covid Policy: WSJ

China s Ministry of Finance warned local authorities that the central government would not bail them out for their accumulated liabilities.

Xu aiqiangNicholas borstInternational monetary fundRhodium groupWall street journalNew york basedChinese ministrySan francisco basedSeafarer capital partnersCovid 19Financial crisis

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