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No Money to Pay Salaries! China’s Local Government Is $14 Trillion in Debt, Borrowing From Temples

China Observer 113 views

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I am guessing everyone in the world is screwed
Comment from : @TangMiChen

i can understand Business's going bankrupt But the local Government not being able pay employees??brAll the revenue collected from taxing any and everything Fines and every conceivable type of collective robbery of the populous With all these myriad sources of income HOW does it happen that local Govt cannot meet the needs of the community Mind boggling
Comment from : @jonbutcher9805

Good!!😊
Comment from : @RatTerminator

Why not just print more money like the Fed does?
Comment from : @eutimiolongoria4696

Corruption brIf everybody is allowed to get rich over their responsibilities your society is never ready to weather any storm China is facing and will face many storms in the coming years Haha!
Comment from : @Tarquin2718

Outside look good but inside rotten
Comment from : @chiam1888

chinese being chinese
Comment from : @ashtonyguinto9470

Wow, a local council have to borrow money from temple Crazy
Comment from : @lesterksi4521

Lol
Comment from : @gregmcqueen4540

The government has become a SOUR LEECH
Comment from : @gregmcqueen4540

That is okey atleast PLA have plenty of aircrafts submarines, frigated and missiles all chinese people should learn is how to eat those 😂😂😂😂😂😂😂
Comment from : @BenhurBaguio

China is going to attack Taiwan because of their financial situation
Comment from : @davidnelson5474

Think about how many of these "civil servants" have been oppressing their own people I have very little sympathy for these NPC's
Comment from : @paulbeaney4901

If only Fiat Currency lasted forever right
Comment from : @steadybuilt7139

Temples have money in China? Wowcan someone explain this to me?
Comment from : @astrahcat1212

OMG more Taiwan island BULLSHIT !
Comment from : @oklahoma1232

Chinese government can make all debt go away by having serious conversation with creditors!
Comment from : @laplacia

After a few years China will be next Nort Korea
Comment from : @HermiloDadia-f1s

Thanks for sharing
Comment from : @RodrigoPalma700

Police make false arrest We The People pay the settlement Police walks to do it all over againbrWith No Accountablity Supreme Court is responsible for the Todays tyrannical thugs …
Comment from : @ashleymcclave1374

Not long now until it all collapses
Comment from : @joedennehy386

Talk about a tyrannical government Just like mandatory bs
Comment from : @danielquick5696

In the meantime, Eskimos lives go on and don't give a crap about economies They just struggle to survive without government bullcrap adding to their stress No covid mandates, no shots, no mask Just a few pesky , hungry polor bears to deal with
Comment from : @jefflewis836

This is propaganda 😮 everyday same news calamity in ChinabrChina is a dictatorship and Xi is not stupid the stupid are always us unfortunately This guy does whatever he wants, people are submissive and there's a lot of money in China
Comment from : @micaeloliveira2727

Not only does the economy goes down, everything that comes out of China is literally an inferior product
Comment from : @scalnecus

@China Observer do you eat peanuts or dildos?
Comment from : @billadmond9450

Commie jokers are great economic geniuses😂 A govt borrows money from a temple 😂 And retaliate when denied😂
Comment from : @profskmehta

It boggles the mind that local govts would make a good chunk of their money from LAND TRANSFERS You know what they would be focusing on? Transferring land Well, that right there will lead to dubious dealings because they would want some business, citizens, etc to fail so they can get land back to transfer it again
Comment from : @johndoh5182

The worst problem the government wrong moves that killed its very own economy This is a lesson we all must learn We cannot close or lock down if there is a pandemic 3 years is really damaging the economy to its roots and revival will be very very difficult which will lead to mass starvation
Comment from : @wendyshoowaiching4161

Smh, this xi and his gangster commies government
Comment from : @veritas3179

Commy little reds
Comment from : @meherrichardson269

So much waste! It’s always the ones on the bottom rungs who suffer the most
Comment from : @gardengirl7258

Sum ting wong😂
Comment from : @blackgrandpa7652

Hmm I don't know about this new China Seems like things are falling apart But maybe it'll get better Just keep doing what you're doing, I'm sure things will get better Because we all know the CCP is just awesome in how they do thingsjust awesome
Comment from : @jonbutcher9805

chinese people is rich since they are all businessman that cheats
Comment from : @maxyl12

I see Chinese people are finally waking up Now please fight against the Chi Chi Pee
Comment from : @sumar392

The Chinese people should stand together and overthrow the corrupt ccp
Comment from : @prawnshop4573

The biggest problem is that the local and provincial governments and party cadres were so riddled with corruption They spent the last 20 years building half completed apartment blocks and huge infrastructure projects These were mostly a way to gain face and steal large amounts of the appropriated funds They borrowed heavily Nobody thought the bubble would burst But the downturn is bankrupting them
Comment from : @justme19893

Thats what you get from harassing neighbor countries and foreign business 😂
Comment from : @siopaoclash5879

I remember the story of "the great famine" When local communists lied about their harvestsbrLong story short, CCP though that they will have 30milions of tons of grain They sold their stocks and was left with 7milionsbrbr40 MILIONS PEOPLE DIEDbrAnd yet, CCP is still therebrbrOh, and remember Mao's war on birds? Yeah, 20 milions starved to deathbrbrSo lack of salary is nothing
Comment from : @wiciuwiciu2783

Beautiful cityscape! I wish you would label your geographic pictures
Comment from : @postscript5549

Borrowing from temples! Hard to see bthat/b continuing for long
Comment from : @gaius_enceladus

Sounds like china shouldn't have released the kung-flu You can't make a virus that only targets poor people
Comment from : @psychospider1468

China CCP should stop funding on other third world countries, BRICS and PLA should cut back high expenditure of their Taiwan invasion armies and send them to country yard to farm for their humongous population and sad economy
Comment from : @cirihime9479

China broke
Comment from : @Kane-v7x

Yikes China is becoming Africa with it's corruption and non payment of services
Comment from : @ericneo2

🙂🙂🙂
Comment from : @catfacepoetry3211

It's over, Xi 😱😲🤭😭br Steps down and move to North Korea or Russia,ok👍👍👍
Comment from : @James8591

Omg, the temple would never see their money again 😱😱😲🤭br Because, the local government is bankrupt 😲😱😱
Comment from : @James8591

Too bad the Chinese did not make a vaccine It is a great shame to lose 3,000,000 People instead of buying vaccines
Comment from : @rebeccamyott7041

The threaten & ruin initiative, (belt & road) is no more Thanks to Poo Honey Bear! All excellent news, & welcome!
Comment from : @raacore

Chinese people only have CCP to blame!
Comment from : @martinlyons7181

They never thank God for anything they have Therefore they are totally damned to failure You can have more "working groups" than people and it would not help you at all
Comment from : @johnceglarski9460

At present, Chinese real estate does not need to pay property tax Think about how much revenue would the government have if Chinese landlorders have to pay property tax like other countries do ( Actually , this issue has a;ready been discussed by the government for many years)
Comment from : @soleilmai8245

When was the last time the rocket force has been paid?
Comment from : @thomaskauser8978

What BS He didn't have to keep working for no pay He chose too
Comment from : @Scylon1

What chinas federal government can do is just to print money like crazy and have the country go into supper high inflation and not alow public debt intrest rates to change but for all privet depts to be changed to a higher intrest rate
Comment from : @Donkeyearsa

How could you say they have no money meanwhile spending 30 billion dollar for Asian Games? They do have money but hide it from the public
Comment from : @El-Ge

Im old my mother taught meIf you dont have money dont buyI have no credit card or loanCredit cards are to easy to buy on impulseNobody teaches Saving?
Comment from : @00528hz

It would be interesting to see american progressive leftist rule the CCP of chinabr,money talks you know!!!
Comment from : @protasiocanalita6436

Guess the central government will have to cash in the tons of gold they bought up in the last years
Comment from : @jkiser77

Dont worry guys, the progressive leftist of america are duper rich, they cancime iver to rescue the CCP of china and it includes the globalist elites Davos bilderburgs klause Soros they eill mske the CCP super rich again I hopr theu will be nice to pres Xi
Comment from : @protasiocanalita6436

Is this what they mean when we have nothing we will bow to somebody now? How vome this us mot doing it, id he entitled now also?
Comment from : @protasiocanalita6436

Nothing in China is secured If you can't trust your government on what it said sounds like nothing you can trust
Comment from : @paultaithelegendnguyen8891

just use COUNTERFEIT US CURRENCY
Comment from : @ReynaldoAbasr

Hello, FLG LIAR!
Comment from : @martinloo7113

One man is to blame for sure change is needed it will take a long time for the world to trust them again want a shame the country was doing so well the Chinese people are hardworking people it is not them it is one man’s responsibility he has bad policies to aggressive policies against his neighboring countries and the west 😅 trying to destroy the customers that help to make them so great is not the smartest thing
Comment from : @ฐานิตสกอคกิ้น

How can BRICS get off the ground? brOK, bets are on Will China try to borrow from US banks?
Comment from : @Red-Feather

Using loans to pay off debtbrWhat could go wrong?😅
Comment from : @craigkdillon

The US rice bowl has left China to land on China neighbor
Comment from : @anhemta6979

They could solve their issue by having yearly property tax
Comment from : @TheAcadianGuy

PROPAGANDA by usa
Comment from : @markgodin3969

Stop your greed of claiming other countries properties China or you will suffer big
Comment from : @supingpilario3783

Stop wasting money on the military, the outreach to Africa and setting up infrastructure debt traps for impoverished nations Stop building more empty buildings, big fancy stuff which can't be used, and spend that money for the normal needs of the public, including dependable salaries, real health care, and food security No more fancy tofu dreg junk to fall down
Comment from : @susank4878

Mafias organizations in Italy is the same as CCP organizations in chinathese peoples are horrible at managing and running a legit organizations: no rulesno regulations; first come first serve, winner takes all
Comment from : @serchsource8744

This kind of childish corruption is why the CCP continues to crumble
Comment from : @ralphmueller3725

GUYS, BIRMINGHAM IN THE UNITED KINGDOM JUST WENT BANKRUPT SO ???
Comment from : @icet6665

LOL this YouTube channel is so entertaining My complement to them for sacrificing time to make up these stories
Comment from : @lc8850

Don't worry about China it has a long term view, worry about the US debts
Comment from : @miker3298

Xi can sell more books to help with the debts
Comment from : @1uP-v2

China is going to collapse in 36 hours! Get off my feed please
Comment from : @thelammas8283

That’s ironic because the CCP always find ways to suppress religions, but now borrowing from temple How pathetic
Comment from : @ninh05

they should print more money if more is neededbrwe all know what a great result that gives peace
Comment from : @Gsoda35

Mu vs crystal palace
Comment from : @lawrencechong9757

Unnecessary typing sound effects make me want to turn off the video
Comment from : @ibvlik3637

Karma doing its job That's what happens when you bully other nations
Comment from : @Ghost_038

The CCP needs to inflate there way out of the debt The party should raise minimum wages, raise wages in government work and raise wages for those companies that take government contracts Total wages in China are just ocer 100 trillion Yuan, if the CCP doubles the amoung of wages they can effective inflate there way out while restructuring the economy to a new modelbrbrSo if the CCP doubles the amount of wages they can double the amount of taxes that are being raised while simultaneously reduce the total debt to GDPbrbrSo the CCP could implent property taxes while raising wages They could increase the cost of gasoline and the gas tax while raising the wages Increase the cost of subway buses and rail transport while raising the national wagesbrbrThe total debt outstanding in china need to be adjusted relative to GDP and the best way to do that is to raise wages rapidly while adjusting the structural problems
Comment from : @mindpuzzle81

When your government is so corrupt, it acts like the mafia
Comment from : @ChrisDavies

Donation 🤦🏾‍♂️
Comment from : @ricklewis2845

AWESOME ENDING PIECE ! ----- KUDOS TO YOU a wonderful offering ! ------ from Canada J
Comment from : @jszelecz2530

Imagine when this Communist Regime falls , Imagine a world without Communism ,finally for over a century the death and misery of communism GONE ! , North Korea aill fall soon after because they totally depend on teh CCP for their livelihood Both Communism AND North Korea falling !!!! Imagine that
Comment from : @stevenphillips3466