China’s $32 trillion problem. No worries, right?
China’s unbelievably massive hidden debt is something that can’t be papered over. This can’t be swept under the rug. The problem is only getting worse and of course, there’s nothing stopping this as more speculation is encouraged by China as well as every other country in the world. More profit. More money. More everything. But the cycles have become more aggressive. More exaggerated. This won’t end well.
China Seeks to Defuse Its $4.5 Trillion Local Hidden Debt Bomb
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China may have US$5.8T in hidden debt with ‘Titanic’ risks – BNN Bloomberg
People are living in illegal steel boxes in the world’s priciest property market – BNN Bloomberg