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welcome to another episode of China update where I provide you guys with the most up-to-date political economic and geostrategic analysis on the worlds number two economy my name is Tony lets jump in okay happy Friday everybody todays video is going to be on the Chinese economy or specifically growing concerns for the health of the Chinese Financial system for this video we will examine with supplementary commentary two recent important reports on this theme one is from a western expert Nicholas boss vice president and director of China research at C Vera Capital Partners who published a recent piece called Chinas balance sheet challenge looking at issues surrounding Chinese debt the second report published on Monday of this week is from the china-based state-backed Chinese Academy of fiscal Sciences Think Tank and looks at a theme which we on China update have been following for some time local government fiscal stress lets begin with Nicholas bursts report quote after a decade
