Money & Economy

China’s debt and investment-driven development model failed 20 years after joining the WTO. What does a faltering Chinese economy mean to businesses in China, Wall Street, and the global economy?

China's debt problem and the Chinese banks that will be hit first

Aug 3rd, 2023
China’s economy suffers from debilitating conditions. But the most threatening attack is local government debts (including LGFV’s) and an ensuing banking crisis. Which banks will be the first to go?
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