China's Major Tax Problem: China's Land Handling

The video discusses the $11 trillion global mortgage-backed securities market and compares it to China's land lease issues. It highlights the challenges faced by the Chinese government with expiring land leases and public sentiment against reclaiming land. The video also explores China's taxation problems, where most citizens avoid taxes due to informal employment or business loopholes. This limited tax base restricts the government's economic control, especially during downturns, affecting fiscal policy effectiveness.

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