Feb 26, 2024

Why is China’s poorest province inundated with fires?

Posted by in categories: finance, government

Guizhou is China’s most indebted province. Its government has relied on borrowing to make ends meet. During the lunar new year, the province has seen unprecedented large-scale fires. State-controlled propaganda blamed local New Year customs and arsons by the Japanese and the Americans. However, Guizhou’s financial data shows that people have had just enough.

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