to excuse its debt bomb and reduce its population.
“According to the Bank for International Settlements, China’s debt to GDP ratio reached 257 per cent in 2017, higher than the United States’ 152 per cent, and more than most emerging economies. The IMF anticipates that by 2020 China’s domestic credit to GDP ratio will rise to 300 per cent. In May, for the first time since 1998, Moody’s Investors Service downgraded China’s sovereign credit rating”
State Owned Enterprise above 100% GDP?
Communists failing at capitalism, who would’ve guessed?