World News@lemmy.worldEnglish · 1 month ago

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

🃏Joker@sh.itjust.works to

World News@lemmy.worldEnglish · 1 month ago

China announces trillion-dollar bailout as debt crisis looms | Semafor

www.semafor.com

Burdened with huge debts, provincial authorities have been left struggling to provide basic services and pay civil servants.

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Prior_Industry@lemmy.world
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1 month ago
Won’t this cause inflation for the Chinese or are their markets that controlled?
- assassinatedbyCIA@lemmy.world
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  1 month ago
  Aren’t they currently in deflation
- Pacattack57@lemmy.world
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  1 month ago
  1 yen is the equivalent of $.14. Their shit is already inflated to hell.
  - UltraGiGaGigantic@lemmy.ml
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    1 month ago
    I thought it was pegged to the dollar somehow.

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