China's Tax System on the Brink: A Dire Threat to the CCP's Finances

China is grappling with a multitude of issues. The applause fades as the banks crumble, and the once-inflated real estate bubble bursts. Now, the economy itself bears the brunt of the turmoil. China finds itself entangled in a financial predicament, facing a disconcerting disparity between incoming and outgoing funds. A towering debt wall, amounting to a staggering $23 trillion, looms ominously, plaguing provinces across the nation. Yet, amidst these well-known challenges, there remains one crucial problem that is often overlooked—a problem that, if left unresolved, could potentially signal the gradual decline of the CCP's reign in China. This issue at hand is none other than China's tax crisis.

Welcome to Economic Trends where today we are asking what is really happening in China?
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#economictrends #economy #news #china #tax

[k.k.c]

Haha... The central govt has plenty of money. And in any case, most debts are denominated in Yuan and are domestic in nature

[MrThurstjo]

I'm really impressed at how people who have a cursory knowledge of China and even finance love to make prognosis about how China is going to collapse for this reason or another in the future. Maybe they should take a bit more time focusing on the issues back home. They are far worse than what is happening in China.

[mistermiau]

Zidiociała wieszczka kasandra skąd oni biorą takie kabarety hahahahahaha

[maheshthakur]

Too long too many lies
And this result was obvious

[nickhondros]

Its CPC not CCP
tipping the rest of your story is also rubbish