Broadcast|Neglecting the Bleak City Debt Data, the Chinese Communist Party (x) Authority Tried to Deceive and Insisted on “total controllable” Expectations
MOS Translation Team 一文五月
On October 5, Databank and Tencent Finance jointly released the “City debt ratio Leaderboard,” which indicated the disparity in debt ratio among the provincial capital cities. Eighty-five cities exceeded their debt ratio over 100% in 2020, and 75 cities doubled their debt ratio compared to the 2019 year to year. Among them, Guiyang has the highest local government debt ratio, reaching 929%! Beijing’s debt ratio is 10 times that of Shenzhen.
Even as pessimistic as the already falsely modified data has shown, the CCP authority continued their consistent whitewashing attitude and insisted that “ the Chinese city debts are below the internationally accepted warning line, and the risk is generally controllable.” To make a claim credible and appease the worries, the CCP shamelessly referred to Japan, as an example, whose national debt ratio is four-time of China.
Miles Guo has previously unveiled the Chinese local debt reached as high as $15 trillion. The various investment funds embedded in the CCP national financial system are nothing but money laundry agents. The commercial papers are worth zero except for their function as a vampire tool to exploit and enslave the hardworking Chinese. The world will need to pay for these CCP planted financial landmines because Chinese financial bonds and the stock market kidnaped the global economy.
Posted by: Yuki jiang
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