CHINA's $9 Trillion Debt Disaster

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China's Local Governments have built up a Massive $9 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.

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Chapters:
0:00 Intro
3:01 LGFV's
5:50 LAND SALES
7:52 LGFV DEBT
12:39 SUMMARY & CONCLUSION

#china
#india
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

[dxer]

and if these are "official" figures, you can bet the real situation is a LOT worse

[pastpresent]

Many thanks for the best reports that are very rare to find these days I always follow your blogs … well done 👌

[retsamyar]

and these are doctored numbers approved for release by the ccp... which tries to hide how bad the problem is as much as possible.

[Sukhothai]

Great report JB. I tried explaining to my Chinese family members about boom and bust cycles within capitalism. They assured me every time that 'Capitalism with Chinese Characteristics' would not have the negative parts of capitalism in the West. It appears that they are finally starting to understand.

For years, they told me that government investment, regulation and state ownership of companies would see Chinese Capitalism become the model for all others to follow, an economic miracle.

There will be an explosion of anger if everyone loses their investments, after covid, many people there are a little more angry at their government.

[russellmitchell]

One of the best explanations I've heard for the whole shmeary mess.
Thank you.

[stardustjazztrio]

You give such thoughtful and comprehensive analysis of your target projects . Congratulations 😊

[boozolini]

Thank you Joe, yet another masterpiece

[guildpilotone]

This all sounds like a giant pyramid scheme.

[dragon.]

9 trillion is the official number, it does not include black market debt nor various commitments that haven't been paid. Double the 9 trillion and remove 2 thirds of China's GDP to account for inflated numbers from the provinces to hit minimum targets set by the government and you start to realize why the wheels are coming off.

[ScottLarrry]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[seanlander]

Chinese property is the greatest Ponzi Scheme the world has ever seen. Honestly, they have no one to blame but themselves 😅.

[unfixablegop]

A trillion here, a trillion there, and pretty soon you're talking about real money.

[MasticinaAkicta]

Those debt stacked up quickly... 2014 to 2024... YIKES! Those numbers are HORRIBLE.

[angelarch]

"The only thing that could go wrong..." is if the entire China real estate system was a ponzi scheme

[stormtrooper]

Its like handling money to a thief plus conman. You can never get it back.👈🤣🤣🤣

[captainhaddck]

Every day I give thanks to the universe that I was not born in China.

[jefferee]

It's funny hearing Westerners who are so impressed with Chinese cities compared to those, say, in the United States. Whelp, time to pay the piper.

[chrisfletcher]

When you owe someone a little money it's your problem, when you owe someone a lot of money it's their problem.
Wonder who owns the bonds!

[JasonAmir-qouo]

Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in ETF stocks can be risky

[edl]

An important note, no one has bought property and are only buying leases. All those individuals who leased property are getting screwed and will not have any hope of getting all their money back, much less a positive return.