China's Major Tax Problem: Introduction & China's 3 Actual Tax Problems

The video discusses China's tax problems, highlighting the challenges in tax collection due to its dual nature as a large economy with informal sectors. It explains how local governments rely on land leases and business taxes for revenue, leading to infrastructure overdevelopment. The video also covers the financial risks posed by local government financing platforms and the impact of COVID-19 lockdowns on the economy.

How do local government financing platforms operate in China?

What are the implications of the real estate market's performance on local government financing?

In what ways might the Chinese central government be limited in bailing out local governments?