Why China's Cities Struggle Under Trillions of Dollars of Debt? चीन का फाइनेंशियल क्राइसिस

Since the pandemic, till now the economy of most of the countries of the world has recovered. But China is the only country in the world that is still facing the pandemic. Because of the epidemic, China's economy has slowed down for the first time since the 1970s. China's growth rate is now only 4%. But China never accepts this growth rate. And China does not even believe that it is still facing the crisis of the epidemic. Because the communist government of China does not even let any other country know about the activities happening in its country.

Now many countries in the world have also faced financial crisis many times. In which America, the world's largest economy, has also struggled with financial crisis many times, but China has been saved from financial crisis till now, but has there really never been a financial crisis in China? Or does the Chinese government suppress the financial crisis? And at the present time, it seems that a huge financial crisis is going to come in China, because China, the country which distributed free loans to the whole world, today itself is stuck in a debt crisis of 8 trillion dollars. This $ 8 trillion debt figure is many times more than the total GDP of India, France, Japan, Italy and most of the Asian countries. And according to the report of economists, this debt is equal to about 52% of China's GDP. Not only this, many economists are also speculating that the figure of this loan could be as high as $25 trillion.

Now this loan has not been given by China to any other country. In fact, due to this loan, China's economy is going to go through a very bad phase in the coming times! So the biggest question is, to whom and why has China given such a huge amount? What will be its impact on China in the coming times?

So in today's video, we will know in detail about how China got this 8 trillion dollar debt? To whom has China given this loan? Will this loan cause a financial crisis in China? You will get to know all that and much more in this video, so stay with us till the end of the video.

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