Bei Chong suggests that Beijing should help local authorities address the remaining 3.8 trillion yuan (approximately 580 billion USD) in pandemic-related deficits that have not yet been covered, as many businesses are still awaiting payment from local governments
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Speaker
Bei ChongEvidence Quote
“Beijing should help local authorities address the rest of this deficit as many businesses are still awaiting payment from local governments”
Source
China Debates Fighting WWIII | China’s Stock Market Frenzy & Fiscal Stimulus Signals— China UpdateCreated: 8/10/2026, 10:47:56 PM
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