Although China has some of the world's lowest level of foreign debt and official government debt, the Chinese government and state owned banks and enterprises actually owe an enormous amount of debt to domestic financial institutions and households. This presentation, by Victor Shih, Ph.D., Associate Professor of Political Science at Northwestern University, first catalogs the different segments of debt owed by the Chinese government and related entities and the claimants on this debt. It then discusses some implications for future public policies in China.
@stalkingalizee what capitalist country isn't? everyone is printing money now.
akinkhoo 1 month ago
China Inc. = Ponzi Scheme
stalkingalizee 1 month ago
thx
udical 1 month ago