China's Local Government Debt Impact on Private Firms and Social Trust
Sunday, 7 April 2024, 00:00
China's Local Government Debt Impact
Professor Feng Chuan from Wuhan University highlights the repercussions of local government debt issues in China.
Key Findings:
- Private Firms: Experiencing challenges due to debt woes.
- Grass-roots Distrust: Emerging as a consequence of the breakdown in the trust system.
According to Feng Chuan, the social governance order in China is at risk due to these developments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.