RAND·45 event signal
China's Local Government Debt: Implications for U.S.-China Competition
economy
China's local government debt—at least $12 trillion, or 64 percent of China's GDP, in 2024—is a major fiscal challenge. What might it mean for China's economy, public services, and stability, and for U.S.-China competition?
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Source: FreeNewsAPIRead at RAND
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