TS Bùi Ngọc Sơn: Nợ Trung Quốc phình to 300% GDP – Điều đáng sợ gì đang đến rất gần?

VTC News | China's public debt is ballooning at an alarming rate, exceeding 300% of GDP when including the corporate, household, and local government sectors. Notably, much of the risk lies in "hidden debt" channeled through local government financial institutions (LGFVs), amounting to tens of trillions of USD but not fully reflected on balance sheets. Amidst the sharp decline in the real estate sector – a pillar that once contributed up to 30% of GDP – following the Evergrande and Country Garden crises, fiscal pressure is increasing. Many international experts are beginning to compare China's current situation to Japan before the asset bubble burst in the 1990s – ushering in a prolonged "lost decade." Is China following in Japan's footsteps? Will the "breakdown" occur in banks, local governments, or the entire financial system? And what is the biggest risk: the sheer scale of the debt or the flawed debt structure? Dr. Bui Ngoc Son's in-depth analysis will help you see the picture behind the "mountain of debt" of the world's second-largest economy. #China #Debt #FinancialCrisis #RealEstate #WorldEconomy #BuiNgocSon #Debt #LGFV #Japan #TheSecretDecade #Evergrande #CountryGarden #Finance The official YouTube channel of VTC News online newspaper - Updating the fastest and most accurate current affairs news Connect with VTC News at: ✓ Website: http://vtcnews.vn ✓ Facebook:   / vtcnewsvn   ✓ Twitter:   / vtcnewsvn   ✓ Youtube:    / @vtcnewstintuc   Managing agency: Voice of Vietnam Radio Email: [email protected] #VTCNews #trends #News #onlinenewspaper #news #currentaffairs