China's $9 Trillion Debt Nightmare as Local Government Financing Vehicles Threaten Economic Collapse

[TexasTowelie]

China's Local Governments have built up a Massive $9 TRILLION of Debt through the issuance of Bonds. These Interest Coupon and Repayment of these Bonds was being funded by LAND AUCTIONS however the Property Crash has reduced this income and the Local Governments are now facing the risk of DEFAULT. In this video I look at the current situation and discuss the implications for China.

Chapters:
0:00 Intro
2:17 LGFV's
4:49 LAND SALES
6:33 BOND REPAYMENTS
8:55 NEW BONDS
12:10 RISK PROFILE
13:39 SUMMARY & CONCLUSION

[PortTack]

1. Thank you for posting! Ppl that go on about china the new super power are not paying attention

To what’s really going on there. And this is only one issue they are facing- serious population decline and abject poverty for most Chinese. China is the least of our worries!

[Irish_Dem]

2. This is precisely what makes China more dangerous.

Domestic political and economic problems can certainly contribute to a leader's aggression on the international stage.
History is full of such examples.

Also it is necessary to understand the Chinese culture and fascist mind set.

China plays the long game, it is not going to let anything stand in the way of its plans for global dominance.
They are building up a huge, state of the art military for a reason.
Trying to make the yuan a global currency.
Obtaining control over the Pacific, South America and Africa.
Aligning with Russia which is trying to gain European and western dominance.

Fascist leaders are dangerous because they hire only yes men who tell them what they want to hear.
So they are not in touch with reality. They believe the world belongs to them.

People tried to dismiss Russia as a danger before the Ukrainian invasion, to their own peril.

It is very foolish to dismiss China. They have also been involved in stealing secrets and dividing the US.

I lived in that part of the world for four years as a military kid. And have followed Asian politicial
and cultural happenings since that time. And I have spent time in China on a number of occasions as
an adult.