OpinionThinking About China

Local Governments in China Face Huge Problems

Adding to China’s increasingly intense economic and financial problems is how local governments face insolvency and a dangerous public backlash.
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Local Governments in China Face Huge Problems
Under-construction Guangzhou Evergrande football stadium in Guangdong Province, China, on Sept. 17, 2021. STR/AFP/Getty Images
Milton Ezrati
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Milton Ezrati
Milton Ezrati
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Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."