China Faces Cash Crunch, Plans $412B Bonds in 2025

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Chinese local governments are running out of money and resorting to extreme measures to generate revenue. From farmers fined thousands of dollars for minor infractions to businesses being targeted with heavy penalties, the financial desperation is evident. Meanwhile, China plans to issue a record $412 billion in government bonds in 2025 to cover local deficits. How far will authorities go to extract money from the people? Watch our latest report for the full story.

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