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China claims that "hidden debt" totaled at roughly ¥14 trillion at the end of 2023 ...Middle East
As mentioned earlier in the week here, the IMF estimates that China's "hidden debt" to be above ¥60 trillion as of last year. But Chinese officials are now out saying that they only have ¥14.3 trillion in "hidden debt" as of the same period. It's a stark contrast in terms of the number as the former would suggest a much bigger risk, considering it totals to roughly half of the country's GDP. According to China's claims, it is just a little over 10% instead.Once again, it is China and we won't get any real specifics or details as to how the numbers came about. But in any case, it is a pertinent issue that is seeing China take action already as announced just moments ago. However, there hasn't
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