Debt-laden local government financing vehicles face soaring bond yields

  • SpaceBar@lemmy.world
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    1 year ago

    Hasn’t this been a problem for years? I seem to remember stories like this from 10 years ago, but for different reasons.

    • HobbitFoot @thelemmy.club
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      1 year ago

      There were empty cities, but they usually got filled within a few years of construction. Now, it is at the point where the cities aren’t being finished.