World News@lemmy.worldEnglish · 2 months ago

China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

cross-posted to:
worldnews@lemmit.online

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China announces trillion-dollar bailout as debt crisis looms

www.semafor.com

🃏Joker@sh.itjust.works to

World News@lemmy.worldEnglish · 2 months ago

cross-posted to:
worldnews@lemmit.online

China announces trillion-dollar bailout as debt crisis looms | Semafor

www.semafor.com

Burdened with huge debts, provincial authorities have been left struggling to provide basic services and pay civil servants.

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1 month ago
I thought it was pegged to the dollar somehow.

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