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China faces a nearly $1 trillion funding gap. It will need more debt to fill it.www.cnbc.com/2022/05/31/china-faces-a-nearly-1-trillion-funding-gap-it-will-need-more-debt-to-fill-it.html
124 sats \ 4 comments \ @mf 31 May 2022 bitcoin
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0 sats \ 0 replies \ @2bithits 1 Jun 2022
Yrp
It doesn't make sense
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0 sats \ 0 replies \ @JustDavids 1 Jun 2022
America: Hold my beer.
https://www.forbes.com/advisor/personal-finance/u-s-national-debt-surpasses-30-trillion-what-this-means-for-you/
Edit: oops that’s national debt numbers…which china was $7 tril still.
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0 sats \ 0 replies \ @faithandcredit 31 May 2022
How big is their economy? This might be chump change
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0 sats \ 0 replies \ @mallardshead 1 Jun 2022 freebie
They'll sell US treasuries ($3T), and print Renminbi for cheap Russian oil at a discount, then as an unsanctioned country themselves, they'll sell it to the world for the going market price.