China faces a nearly $1 tn funding gap -CNBC | Daily News

China faces a nearly $1 tn funding gap -CNBC

CNBC says that China faces a nearly $1 trillion funding gap and will need more debt to fill it.

The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap. The analysts did not share specific figures on how much additional debt might be needed. But they pointed to growing pressure on growth that would require more support from debt.They estimate a funding gap of about 6.0 trillion Yuan (USD895.52 billion.), roughly 2.5 trillion.

Yuan in decreased revenue due to tax refunds and weaker economic production, and another 3.5 trillion Yuan of lost land sales revenue

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