China’s Local Governments have built up a Massive 60 TRILLION of Debt through the issuance of Bonds. These Interest Coupon and Repayment of these Bonds was being funded by LAND AUCTIONS however the Property Crash has reduced this income and the Local Governments are now facing the risk of DEFAULT. In this video I look at the current situation and discuss the implications for China. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE.Chapters:0:00 Intro2:11 LGFV DEBT3:50 DEBT:GDP RATIO6:14 CHINA V USA8:09 SUMMARY & CONCLUSION
