#USA the true #economicproblems

https://www.counterpunch.org/2024/12/10/twelve-u-s-billionaires-now-have-a-combined-2-trillion/

#China has faced many #EconomicProblems this year, from #deflation and record #YouthUnemployment to a #property crisis. But now, an even more worrisome threat is emerging: the colossal hidden #debt of China's #LocalGovernments. Some estimates put the #liabilities of China's local financing vehicles close to $10 trillion. https://flip.it/YKeyty