World News@lemmy.worldEnglish · 7 days ago

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

Joker@sh.itjust.works to

World News@lemmy.worldEnglish · 7 days ago

China announces trillion-dollar bailout as debt crisis looms | Semafor

www.semafor.com

Burdened with huge debts, provincial authorities have been left struggling to provide basic services and pay civil servants.

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7 days ago
Kinda weird that they’re calling the “collapsing real-estate sector” an economic challenge when that’s completely on purpose

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