Will China's Local Government Debt Crisis Trigger Sudden Political Instability #Debt Crisis

China's economy, touted as the world's second largest, has faced significant challenges since the outbreak of the pandemic, with clear signs of recession.
Currently, the debt crisis of China's local governments has sparked global concerns. Local governments are facing financial difficulties and many government officials are experiencing salary cuts and unemployment.
Will the debt crisis of local Chinese governments lead to political instability?
#China's Local Government#Local Government Debt#Debt Crisis#Political Instability