Hegang: Is the First Bankrupt City in China a Miniature of the Chinese Economy?

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A while ago a small city in Northeast China issued its “financial restricting plan” and announced that it would stop hiring. This city thus became the first city that virtually announced its bankruptcy in the CCP regime’s history. So how serious are the local governments’ financial crises? And how will these crises affect the CCP’s regime? Today let’s discuss this.
#CCP #China #Economy