Why China’s Local Government Debt Crisis Just Got Worse

Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldrglobal Ever since China's rapid property boom in the 90s, local governments have been using lands as collateral to borrow loads of money. But various factors are now putting local governments under strain, and it doesn't appear to be getting any better any time soon. Why China’s Debt Crisis is Quietly Getting Worse:    • Why China’s Debt Crisis is Quietly Getting...   China's Local Government Debt Crisis Explained:    • China's Local Government Debt Crisis Expla...   The 3 Ways China’s Economic Crisis Could End:    • The 3 Ways China’s Economic Crisis Could End   🎞 TikTok:   / tldrnews   💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon:   / tldrnews   Donate by PayPal: https://tldrnews.co.uk/funding Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! ////////////////////// 1 - https://investors-corner.bnpparibas-a... 2 - https://www.wsj.com/articles/one-of-c... 3 - https://www.wsj.com/articles/one-of-c... 4 - https://en.wikipedia.org/wiki/Duge_Br... 5 - https://www.wsj.com/articles/one-of-c... 6 - https://www.ft.com/content/d91153fd-a... 7 - https://apnews.com/article/china-econ... 8 - https://www.ft.com/content/d91153fd-a... 9 - https://en.wikipedia.org/wiki/Provinc... 10 - https://www.ft.com/content/901bc68e-a... 11 - https://www.ft.com/content/901bc68e-a... 12 - https://www.ft.com/content/901bc68e-a... 00:00 - Introduction 01:16 - Disclaimer 01:33 - How GDP Works in China 02:25 - Local Government Debt Crisis Explained 04:31 - Why it’s Getting Worse 07:37 - Sponsored Content