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@barray on Thu Jul 07 15:58:56 UTC 2022 said: &e
So it appears that #china 's #ccp will #issue #local #government #bonds to #stimulate their #slowing #economy https://www.zerohedge.com/markets/china-.. The problem here is that the #local #government is in massive #debt , and what #assets they have are over #inflated ones in the #property #market . Needless to say, things are about to get bad.