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A comment on What Does Evergrande Meltdown Mean for China?. Parent comment
This is only true at the national level.
Cities, provinces, and large companies (if large enough, act as tentacles of the government) are incredibly indebted and much of it is foreign.
More than that, China has a lot of foreign debt denominated in US dollars so any spike in inflation will massively hurt.
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This is only true at the national level.
Cities, provinces, and large companies (if large enough, act as tentacles of the government) are incredibly indebted and much of it is foreign.
More than that, China has a lot of foreign debt denominated in US dollars so any spike in inflation will massively hurt.