China's BIGGEST Debt Problem Is Local. MMT Explains Why. | Prof. Yan Liang

Originally published on 6 November 2024
[Part 1 of 2]
With one of the strongest and most sovereign currencies in the world, does China really have anything to worry about when it comes to monetary or fiscal policy? Well, yes, local government debt turns out to be quite a structural problem. One, however, with a relatively simple fix, at least absent domestic power politics.

Today I'm talking to Dr. Yan Liang, who is a Professor of Economics at Willamette University, a private liberal arts college in the US. She is also a Research Associate at the Levy Economics Institute and a Non-Resident Senior Fellow at the Global Development Policy Center of Boston University.

Yan specializes in Modern Monetary Theory (MMT), the Political Economy of China, Economic Development, and International Economics.

Yan Liang on LinkedIn: https://www.linkedin.com/in/yan-liang-1355b91a2/

Professor Yan Liang on Twitter: https://x.com/yanlian31677392?t=AQ5ELG2_C8gO5MCuOmu6bg