• 11/26/2024

China’s local government debt woes hurting private firms, creating grass-roots distrust: academic

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Wuhan University professor Feng Chuan says local government debt problems in China have torn apart the fundamental trust system that upholds social governance order.

https://www.scmp.com/economy/economic-indicators/article/3257981/chinas-local-government-debt-woes-hurting-private-firms-creating-grass-roots-distrust-academic?utm_source=rss_feed