Why China’s Local Government Debt Crisis Just Got Worse

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Ever since China's rapid property boom in the 90s, local governments have been using lands as collateral to borrow loads of money. But various factors are now putting local governments under strain, and it doesn't appear to be getting any better any time soon.

Why China’s Debt Crisis is Quietly Getting Worse:    • Why China’s Debt Crisis is Quietly Getting...  

China's Local Government Debt Crisis Explained:    • China's Local Government Debt Crisis Expla...  

The 3 Ways China’s Economic Crisis Could End:    • The 3 Ways China’s Economic Crisis Could End  

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00:00 - Introduction
01:16 - Disclaimer
01:33 - How GDP Works in China
02:25 - Local Government Debt Crisis Explained
04:31 - Why it’s Getting Worse
07:37 - Sponsored Content