China announces trillion-dollar bailout as debt crisis looms
China announces trillion-dollar bailout as debt crisis looms
www.semafor.com China announces trillion-dollar bailout as debt crisis looms | Semafor
Burdened with huge debts, provincial authorities have been left struggling to provide basic services and pay civil servants.
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Won't this cause inflation for the Chinese or are their markets that controlled?
It does not sound like it. It seems more like the United States in 2008, where claims for money far exceeded money in existence. And therefore, when money is created, it does not actually cause inflation, but it causes less deflation than their otherwise would be.
happy printer noises
1 yen is the equivalent of $.14. Their shit is already inflated to hell.
I thought it was pegged to the dollar somehow.
Aren’t they currently in deflation
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