Gravitas: Chinese local governments run out of cash
Edited By WION Video Desk
Published: Jul 19, 2022, 02:25 IST | Updated: Jul 19, 2022, 02:25 IST
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Local governments in China face a funding gap of almost $1 trillion. With traditional sources exhausted, officials are turning to "amateur investors" and raising money on WeChat. Palki Sharma tells you more about China's funding crunch.
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