Projection of China's Local Debt Explosion: The Time Is 2024

You might have read the news that ratings agency Moody's just cut its outlook on China's credit ratings to negative from stable today. The reason was that the real estate bubble burst could trigger a local government debt crisis at any time. It has long been a consensus of many that China's local debt is the next crisis to erupt. But when exactly will it break out, and is there a more accurate point in time?
Today let’s discuss this billion-dollar question: When will China's local debt explode?
Disclaimer: The thumbnail image in this issue is AI-generated and is not a real news photo.
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