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A provincial capital city: for every 100 units of fiscal revenue, 75 units go to pay interest! In 21 provinces nationwide, local government financing interest exceeds main revenue, with unpaid wages for civil servants and teachers; Han, Tang, Ming, Qing all started from rotten counties, deep‑sea fishing is the modern tribute! In 2027, local debt hits a critical point! (Updated)

1# · OP Author:一个狠人 Published:2026-07-28 19:32 Replies:0 Views:264 Permalink:fanzei.net/d_22252l

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Related topics Chinese economy Chinese Politics Economic Downturn Local Government Debt Fiscal and Financial Affairs
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