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Property crisis, lol
(thelemmy.club)
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this post was submitted on 31 Jan 2026
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traingang
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I’m talking about local Chinese authorities not central govt. They have their own debt crises going on and it’s extremely related to property price crashes. I think they basically borrowed a ton of money to build developments where no one wants to live or something
Ah i thought the dollars were held at local govt too my bad