Can China Fix Its Trillion-Dollar Local Debt Crisis? 

sounds like someone making minimum payment and interest and rolling the debt, never paying the principal back

The key here is grow more SLOWLY not completely collapse. The way the media talk about this you would think that the world was coming to an end.

A very good explanation.

All that infrastructures will need to be rebuilt soon and at a very pricy amount

So if Evergrand and Country Garden fill chapter 10? Who will be the big looser? BlackRock? And why would China care if Wall Street takes a beating?

Yea they can

This is public works. Are you talking about EverGrande? That is a privately own company and it is their bond holders are holding the bag. I am certain that lot of foreign investment bankers are scrutinized cover their losses. That’s my thought.

even tough china is so doom and broke, don't know why american offical still goto china for financial help.

Somehow I feel like this will hurt us more than them if they dont...

Remember when people were like "Look CHINA can build a high say train system within years, and bridges and whole cities. Why can't we?" Well the reality is is, debt, huge amounts of debts. Debts that can't and won't be paid off. That is the difference.

China is running out of money.. 😆

Why not?

32 Trillions?

Basically, it will be pushing a wet noodle.

it could china put more of their money to military structure.

They can easily fix it they will just unload more US treasury note and used they own reserves like GOLD : )

Lots of bridges to nowhere

I thought the LGFVs were the ones ‘selling’ land for development and thereby generating revenue for the local governments.

Música nova "problemas na backstage" e "problemas na backstage"

I know! Print more m-o-n-e-y. 😊

❤❤❤❤ Practically all of China's debt are denominated in the Chinese local currency i.e. the Yuan which can be legally printed or created out of thin air by the Chinese government. So what's the problem? The USA owes $34 trillion, all in US dollars and as such it can still continue to print more dollars without much danger to itself. The danger is to those holding large amounts of US dollars as their weath will be diluted with more devalued dollars flooding the market. 😊😊😊😊

A faltering Chinese economy would likely place nations heavily reliant on Chinese markets and investments, particularly those closely engaged in the Belt and Road Initiative, in precarious positions. Additionally, China's economic challenges could exacerbate domestic tensions, potentially prompting a more assertive diplomatic stance by the Xi Jinping administration as a diversionary tactic, a phenomenon that has already begun to manifest itself to some extent.The current Chinese government bears responsibility for the economic crisis. The prevailing lack of trust in the regime has eroded market and capital confidence, a situation unlikely to be rectified in the foreseeable future given China's current political landscape. As such, the world should really prepare for the deepening of China's economic shock.

0:25 LGFV, Local government financing vehicles. 0:50 it's free or cheap that will never be paid back. 1:35 LGFVs have always been able to meet payments due on their bonds. 2:05 roll over n.轉滾法 (用舊債券購買新債券) roll over the debt like we did before. 2:45 when a bank lose their wealth, it can be a huge shock to the financial system. (bankruptcy)

China "new high tech"

Its better spend $1 trilliuns on new better infrastructure then spending $2 trilliuns on useless afghan war and $5 trilliuns on iraq war lmao

I am looking for investors or funder who are interested to invest in Indonesia. Shipyard and Oil Refinery project in Indonesia

US has 33 trillion debt problem. Very urgent.

Ahh why you worried about china,?,instead of broadcasting about homeless u have under Brooklyn bridges 😂😂

Up next: Can US Fix Its 32.6 Trillion-Dollar National Debt Crisis?

Internal debt can be managed by printing currency. China slow down is overrated.

The Chinese economy does have some problems, and there are some different problems every year, but Americans and Europeans habitually magnify these problems by 50 times to continuously publicize them to comfort their inner expectations. Its subtext is: China is almost finished. But in fact, the Chinese economy is much healthier than the American economy, and Even less trouble than the German economy and the British economy. China does not bear a debt of 30 trillion yuan, which is much larger than GDP, and 1/4 of the world's industrial production capacity is in China, which can be used as the basis for repairing economic problems. If China's economy is doomed, then the United States will surely be doomed earlier than it is. This is a fact that no one wants to face. Acknowledging problems and solving them is one of the fundamental reasons why China keeps moving so fast. Ignoring its own problems and focusing on its opponents is the reason why the United States is sinking. If this mentality of Westerners does not change, the world will definitely shift to the East and South. Look at how many countries expect to enter the BRICS alliance, has no one seriously reflected on the essential reasons? 1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing …. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China’s economy has other big problems 2019. BBC : China's economy grows at slowest pace since 1990s 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Nikkei Asia: China's debt bomb looks ready to explode 2023. Wall Street Journal: China's 'Ticking Time Bomb' Economy

Of course it will. Meanwhile the US decline continues at a faster pace.