Tag: local government debt
Why Fiscal Stimulus Alone Won’t Reverse China’s Economic Decline
By Yan Chungou, Commentary Economist Li Daokui argued at an economic forum on July 12 that China's...
More Than a Million Businesses Went Dark in Northeast China for 67 Days
Storefronts across much of China's northeastern Heilongjiang province went dark this spring by the owners...
Chengdu Homeowners Clash With Police Over ‘Property Fees’ as Local Fiscal Strain Deepens
China's economic slowdown has left local governments cash-strapped and unwilling to absorb losses on...
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...
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...