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Lepus Felix
China Observer
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Comments by "Lepus Felix" (@MasticinaAkicta) on "China’s Finance and Real Estate Perishing Together? Bohai Bank Sells Assets at 40% Off" video.
You are right, all these "Just put money into X or Y to keep the Economy growing" is all based upon one reality. The Party always needing growth, even if it is hollow growth. The thing, the debts do build up. And at a point you can't just move that debt anymore.
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Ah yes, that money is GONE. It probably is turned into "financial product" aka a bond to big company that is now going bankrupt.
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