CHINA Pension Crisis
0
15:51

CHINA Pension Crisis

Video Summary The article discusses the current state of the Chinese economy and its future prospects. The Chinese Central Bank has recently cut the key lending rate by 10 basis points, a move signifying an attempt to stimulate the economy. This move is seen as positive, as it will help to increase borrowing and spending. […]
CHINA’s $9 Trillion Debt Disaster
0
21:05

CHINA’s $9 Trillion Debt Disaster

Video Summary As of 2023, China’s local governments have accumulated a staggering $9 trillion debt, equivalent to more than half of the country’s GDP. This massive debt was built up over the past 30 years, primarily through local government financing vehicles (LGFVs), which were established in 1994 to empower local authorities to raise debt and […]