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Tag: local government debt

Xi Jinping’s Inner Circle Has Abandoned China’s Official Economic Data, Former Official Claims
Cai Qi, the Politburo Standing Committee member who runs the Party's day-to-day operations as head of...
Once Touted as a Prized Gem, Shaanxi’s Smart Rail Halts Operations After 3 Years
By Cai Siyun, Vision Times A “smart rail” transit project in China's Shaanxi Province that cost a...
Why Starbucks and Burger King Are Selling Major Stakes in China
The Chinese Communist Party’s flagship journal Qiushi recently published an article titled “Expanding...
China’s Economy in Collapse: CCP Insider Warns of Deepening Crisis
By Li Muzi, Vision Times China’s economy continues to deteriorate, marked by a collapsing property...
Illustration representing local government debt and fiscal pressure in China
China’s Debt-Relief Strategy Is Fueling a Larger Fiscal Crisis
By Jing Ye The Debt Relief Plan Failed Almost Immediately When Beijing rolled out its $1.68 trillion...