As our “China’s Debt Hangover” has shown, China will need to reckon with its local debt problem sooner rather than later.
Great read!
Can you write about the footnote? Seems like a huge point to not relegate to a footnote.
"About two-thirds of that $6.5 trillion we consider to be at risk of default."
Thank you!
That's the $4.3 trillion debt frankenstein highlighted early in the piece.
It's a striking figure and I certainly don't doubt your analysis! How did you determine the amount at risk? I didn't know LGFV opened their books or released details about what they're holding.
Great read!
Can you write about the footnote? Seems like a huge point to not relegate to a footnote.
"About two-thirds of that $6.5 trillion we consider to be at risk of default."
Thank you!
That's the $4.3 trillion debt frankenstein highlighted early in the piece.
It's a striking figure and I certainly don't doubt your analysis! How did you determine the amount at risk? I didn't know LGFV opened their books or released details about what they're holding.