China's Fiscal Crisis: Why Household Debt May Spell 40 Years of Economic Stagnation
Автор: Digging into China
Загружено: 2024-09-09
Просмотров: 14235
Описание:
In response to fiscal pressures, the Chongqing Bishan District Government is forming a task force for "砸锅卖铁" (selling assets to raise funds), reflecting severe financial strain. Despite China’s GDP growing at around 5%, fiscal revenue is declining. From January to July, national revenue fell by 2.6%, with tax revenue dropping 5.4%, while non-tax revenue increased by 12%. This decline is attributed to shifting economic structures and inefficient government spending. Household leverage remains high, fluctuating between 63.5% and 64%, suggesting ongoing debt struggles. If current conditions persist, economic recovery could be delayed by 10 to 20 years. Comparing to Japan’s "Lost Two Decades," China might face a similar prolonged downturn. The most concerning scenario is a 40-year debt repayment period due to government fiscal policies, signaling a deep, extended economic downturn. Monitoring household leverage ratios can help gauge economic recovery prospects.
Connect with me:
Support through PayPal: https://paypal.me/DonXiang
Email: [email protected]
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
