this post was submitted on 09 Sep 2023
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[โ€“] OKRainbowKid@lemmy.sdf.org 2 points 1 year ago (1 children)

Debt crisis is already here, with Evergrande in China.

[โ€“] zephyreks@hexbear.net -1 points 1 year ago

Doesn't China already have the solution to the debt crisis in a hiked property tax? They're just debating whether they want to do it because it'll tank property values and probably lead to them reporting a shrink in GDP.