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China's Ministry of Finance and other bodies issued a series of debt-related updates: 550 billion yuan in local government debt quota will be used, replacement bond issuance reached 1.73 trillion yuan (86.7% of the 2026 quota) by end-July, US Treasury debt has risen to about $41 trillion per Treasury Secretary Bessent, and a Fed survey found nearly 20% of US households have delinquent loans, the highest debt stress since 2013.
Jin1010/12, 03:30 PM
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09/25, 07:20 PMNow
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