Broadcast|Neglecting the Bleak City Debt Data, the Chinese Communist Party (x) Authority Tried to Deceive and Insisted on “total controllable” Expectations

By: MOS Translation Team 一文五月

On October 5, Databank and Tencent Finance jointly released the “City debt ratio Leaderboard,” which indicated the disparity in debt ratio among the provincial capital cities. Eighty-five cities exceeded their debt ratio over 100% in 2020, and 75 cities doubled their debt ratio compared to the 2019 year to year. Among them, Guiyang has the highest local government debt ratio, reaching 929%! Beijing’s debt ratio is 10 times that of Shenzhen.

Even as pessimistic as the already falsely modified data has shown, the CCP authority continued their consistent whitewashing attitude and insisted that “ the Chinese city debts are below the internationally accepted warning line, and the risk is generally controllable.” To make a claim credible and appease the worries, the CCP shamelessly referred to Japan, as an example, whose national debt ratio is four-time of China.

Miles Guo has previously unveiled the Chinese local debt reached as high as $15 trillion. The various investment funds embedded in the CCP national financial system are nothing but money laundry agents. The commercial papers are worth zero except for their function as a vampire tool to exploit and enslave the hardworking Chinese. The world will need to pay for these CCP planted financial landmines because Chinese financial bonds and the stock market kidnaped the global economy.

Article: Neglecting the Bleak City Debt Data, the Chinese Communist Party (CCP) Authority Tried to Deceive and Insisted on “total controllable” Expectations

Posted by: Yuki jiang

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Jay
Jay
11 days ago

“纸老虎”中共试图通过与台湾中华民国和平的中国人民开战来转移大陆民众对中共自身财政无能的注意力。世界上的文明人民绝不能让中共野蛮人成功。The “Paper tiger” CCP is trying to distract the mainland public from the CCP’s own fiscal incompetence by making war with peaceful Chinese people in the Republic of China in Taiwan. The civilized people of the world must not allow the CCP barbarians to succeed.

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