Analysts estimate China’s outstanding government debts surpassed 123 trillion yuan last year, of which nearly $10 trillion is so-called “hidden debt” owed by risky local government financing platforms that are backed by cities or provinces. As the financial pressure has mounted, regional governments have reportedly been slashing wages, cutting transportation services and reducing fuel subsidies in the middle of a harsh winter.
“No doubt, China’s current debt crisis has the potential to exacerbate existing socio-economic tensions,” Singleton said, adding that renewed public protests like those in late 2022 could emerge, as Chinese citizens come to terms with “vanishing jobs, closed businesses and reduced wages.
China is also invading the world with COVID variants. That too is war, a kind of asymmetric warfare without a declaration of war, but with a similar effect in the long term! PS.: And who demands compensation?
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Super Bowl party people rejoice: Chicken wings and guacamole will cost less this year | CNN BusinessSuper Bowl LVII is right around the corner and there's a lot to celebrate this year, other than the game itself and Rihanna headlining the halftime show. Thanks Joe Biden. You just say things. What world are you living in Total BS! Everything is way up! No wonder your ratings are in the toilet
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Prosecutors say Sam Bankman-Fried tried to obscure his crimes with Robinhood's stock | CNN BusinessUS federal prosecutors have said FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares last year indicates steps the former crypto entrepreneur has taken to “obscure” his alleged crimes Is this why robinhood froze out on the GME? Biblioteca Tramonte in Palermo
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