Rumored figure: China issued a cumulative 4.96 trillion yuan in replacement bonds from November 2024 to Q1 2026

The program stated that from November 2024 to the first quarter of 2026, China issued a cumulative 4.96 trillion yuan in replacement bonds; no public reports could be found for this figure.

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一个狠人

2026-09-24 12:45 · 一个狠人发布了新视频：館長吹爆的上海，帳本裡全是債！北上廣深一年要靠外部資金填5000多億窟窿，廣州半年吃掉八成老本、債務空間只剩108億，台北一面照妖鏡，照出四大一線城市的財政黃昏！

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This event Rumored figure: China issued a cumulative 4.96 trillion yuan in replacement bonds from November 2024 to Q1 2026 2024.11 · Hearsay

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Article · 2026-07-11 05:35 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!

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