26-10-2024, 10:58 AM
(26-10-2024, 09:53 AM)sgbuffett Wrote: The stimulus can only cover this problem to prevent local govt from going bankrupt. It is insufficient to stimulate Chuna economy.
The Central Government gave them only 2 Trillion yuan to pay the debt. Their debt burden will b lowered but they still owe pple another 2 Trillion yuan. There is nothing left to stimulate the economy.
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