China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

Joker to

World News@lemmy.worldEnglish · 9 hours ago

China announces trillion-dollar bailout as debt crisis looms | Semafor

www.semafor.com

Burdened with huge debts, provincial authorities have been left struggling to provide basic services and pay civil servants.

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Such things happen when one decides to start a money burning competition with a block of countries with a combined GDP roughly 25 times that of russia.

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