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China 60 Trillion Debt Crisis - Joe Blogs
China's Local Governments have built up a Massive 60 TRILLION of Debt through the issuance of Bonds. These Interest Coupon and Repayment of these Bonds was being funded by LAND AUCTIONS however the Property Crash has reduced this income and the Local Governments are now facing the risk of DEFAULT. In this video I look at the current situation and discuss the implications for China.
Chapters:
0:00 Intro
2:11 LGFV DEBT
3:50 DEBT:GDP RATIO
6:14 CHINA V USA
8:09 SUMMARY & CONCLUSION