Panelists Discuss the Causes and Consequences of China’s Local Governments Reneging on Debts

News Analysis With the deterioration of China’s economy, some local governments simply refuse to pay back all the money they borrowed in the past, because the banks can’t do anything about it anyway. Moreover, some local governments have resorted to a

Read more https://www.theepochtimes.com/opinion/panelists-discuss-the-causes-and-consequences-of-chinas-local-governments-reneging-on-debts-5633233