Shanghai, praised to the skies by Guan Chang, is full of debts in its ledgers! Beijing, Shanghai, Guangzhou, and Shenzhen rely on over 500 billion in external funds to fill their holes in a year; Guangzhou ate up 80% of its reserves in half a year, leaving only 10.8 billion in debt space. Taipei acts as a magic mirror, reflecting the fiscal dusk of the four major first-tier cities!