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China's Financial Woes Escalate
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China's financial challenges intensify as Moody's lowers credit outlook due to heavy local government debt and worsening consumer defaults. The country's struggle with over-borrowing, over-building, and a surplus of empty apartments underscores a broader financial mismanagement issue.
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How might China's financial woes impact global markets and investor confidence?
What are the potential long-term consequences of China's financial challenges on its economy and society?
What measures can China implement to address its financial mismanagement and debt crisis?
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