Can China Contain Its $23 Trillion Local Debt Problem?

Описание к видео Can China Contain Its $23 Trillion Local Debt Problem?

What does China’s first bankrupt city say about Xi Jinping’s economy?

Hegang city in northern China was once a booming coal town. Today it faces dwindling revenue from the industry and a shrinking population. Colum Murphy explains how it got there.

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