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China’s Local Governments Have ‘Hidden’ Debt Estimated at $8 Trillion or Nearly Half of the Country’s GDP

October 5th, 2021
Categories: News

Link: https://www.thegatewaypundit.com/2021/10/chinas-local-governments-hidden-debts-estimated-8-trillion-nearly-half-countrys-gdp/

Debt related to investments in China’s real estate by corporations like Evergrande, is half a trillion dollars. China’s local governments have huge amounts of debt. Local governments in China have trillions of dollars of debt not in their books,.four times that of US local debt. Hidden local government debt swelled to over half the size of the economy,, local government financing rose to $8.2 trillion.

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