Big Turning Point in China's Fiscal Bankruptcy
Even official figures indicate that China's fiscal revenue is facing a severe, long-lasting decline, with the real estate crisis having a significant impact.
Everybody knows that China's economy is in serious trouble. But how serious is the problem? When will the tipping point be reached? What could Xi Jinping do after a full financial collapse across the People's Republic of China (PRC)? The latest fiscal data offers us some insights.
Sharp Revenue Drop in August
In August, China's economy hit a critical point. The government's monthly budget income took a sharp drop.
Let us compare China's public budget income from January to August 2022 and the same period in 2023, as summarized by a Chinese economist named Lao Man.
These are official numbers and so may not be entirely reliable. However, we can still find some trends.
Click here to read the rest: https://japan-forward.com/a-big-turning-point-in-chinas-fiscal-bankruptcy/
10/1/2023
Truth saves lives. Please support! 👇 真相能救命，敬請支持！👇
🌺Donate 捐款贊助： https://donorbox.org/support-inconvenient-truths-by-jennifer-zeng
🌺Membership 註冊會員：https://bit.ly/3biCEk5
🌺Bitcoin 捐款：bc1qlkkvwyvw96x3xx6jgzkhlnnv0nv3d9vm078vfd
㊙️Website 網站：https://www.jenniferzengblog.com/
㊙️English Channel 英文頻道：https://www.ganjing.com/channel/1eiqjdnq7go5GC80HDYaulKCR1pi0c
㊙️Chinese Channel 中文頻道：https://www.ganjing.com/zh-TW/channel/1eiqjdnq7go17GTbRr3vPiSwD1cp0c
㊙️LBRY.tv: https://lbry.tv/@InconvenientTruths:c
㊙️Rumble: https://rumble.com/c/InconvenientTruthsbyJenniferZeng
🍀Twitter 推特：https://twitter.com/jenniferzeng97
🍀FB Page臉書: https://www.facebook.com/jenniferzeng97
🍀SafeChat帳戶: https://safechat.com/user/1341871762892058624
🍀Gab: https://gab.com/JenniferZeng
🍀MeWe: https://mewe.com/p/inconvenienttruthsbyjenniferzeng
👉Jennifer’s Bio 曾錚簡歷：https://www.jenniferzengblog.com/about/
