China’s $8.2 Trillion Debt That Has Started to COLLAPSE
The most worrisome such blaze, say analysts at Goldman Sachs, is surging local government debt levels that President Xi Jinping’s men have done their best to hide. The default troubles at the globe’s most indebted property development seem like small embers compared to the $8.2 trillion worth of local government financing vehicles outstanding. And that’s just the LGFVs we know of. The data that Goldman’s Maggie Wei highlights is as of the end of 2020. Clearly, the tally is higher now—perhaps markedly. Ten months ago, these shadowy investment schemes had reached 53 trillion yuan, up from 16 trillion yuan, or $2.47 trillion, in 2013. They now amount to roughly 52% of China’s gross domestic product, topping the official amount of outstanding government debt. In other words, as scary at the $300 billion Evergrande story might be, Xi’s government has much bigger problems on its hands. The most acute: keeping GDP this year from falling too far below the 6% Beijing hoped to produce without adding to the nation’s bubble troubles. #china #evergrande #realestate #crisis #realestatecrisis #debt
TOPICS AND TIMESTAMPS:
8 Trillion 0:00
De-Dollarization 12:40
Geopolitical 15:21
—————————————————————————————————
🔥 All My Tips and Strategies on the Discord Community: 🔥
https://discord.gg/QNgHFgxkq9
—————————————————————————————————
💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈
—————————————————————————————————
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
—————————————————————————————————
Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2023
—————————————————————————————————
#money #inflation #investing
-
13:18
The Money GPS
1 year ago $0.04 earnedChina’s Trillion Dollar Debt BOMB | Why Things Just Got Very Messy
102 -
20:05
RizenEconomy
7 months agoChina Debt CRISIS Just Got Much Worse | Why Country Garden Collapse Will Be The End Of Xi Jing Ping
25 -
0:25
Money Monsters
1 year agoIt’s FINISHED: China Just BROKE The US Dollar
26 -
12:22
Money Monsters
1 year ago $0.01 earnedIt’s Over: China Just Broke The US Dollar
109 -
12:22
Money Monsters
1 year ago $0.01 earnedIt’s FINISHED: China Just BROKE The US Dollar
1011 -
7:43
Heresy Financial
1 year agoChina Accelerates Dumping US Treasuries
780 -
15:00
Defense Politics Asia
1 year ago[ China Crisis ] Xi Jinping's ghost of yester-years : Economic Slowdown + BRI Debts (Part 3/3)
621 -
9:31
TheGlobalMacroDigest
4 months agoChina's Trillion Dollar Real Estate Collapse
9 -
17:00
maneco64
9 months agoThis Is Why China Is Wrecking the International Order.
5946 -
1:28:16
tailgunnerjim
6 months agoIs China's Economy Collapsing? Economic War | Michael Hudson & Richard D. Wolff
5431