The crisis at Evergrande rattled the global markets and triggered a series of defaults within China’s real estate sector. But, the hidden debt of local governments poses a much bigger threat to the Chinese economy. Palki Sharma tells you more about China’s $8 trillion debt time bomb.
#China #Debt #Gravitas
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The many different trade and aid policies being pursued by China globally have been heavily criticised but can developing countries become more independent or will China’s policy reform?