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DEXTER\x27S LURE LAB
Fox Business
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Comments by "DEXTER\x27S LURE LAB" (@secretbassrigs) on "" video.
China's total non-financial debt reached 285% of GDP in 2023, This includes corporate debt (138% of GDP), household debt, and government debt. Some sources suggest the gross national debt is over 300% of GDP.
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China's state-owned investment companies established by local governments to finance infrastructure and development projects, often by borrowing off-balance-sheet, has "hidden debt" that is a major concern, estimated between US$8-10 trillion. With a downturn in the property market, LGFVs face mounting repayment pressure.
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