many countries have financial institutions that are "private" but are basically state operations; others own industry outright. china does the latter. so other banks lend money to these chinese banks expecting it to be paid back, with the understanding that the CCP guarantees it
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The spinning plate that broke the camel's back
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thanks. thanks.
End of conversation
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That's not very much for a country the size of China. Per capita it's $1600. Their gross national income per capita in 2019 was reported as $10410.
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That we know of
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