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China says it will set up a system to resolve its local government debt risks

This info comes via Chinese Communist Party television (China Central Television), reported by Bloomberg (gated). In brief:China said it will set up a system to resolve debt risks of its local governmentsThe plan was announced after a two-day, closed-door meeting (the Central Financial Work Conference is held every 5 years) to set the priorities for the US$61 trillion (RM290.63 trillion) financial sectoroversight of the financial sector would be boostedefforts will be made to improve the regulat... Read More

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Posted: Oct 31 2023, 22:34

Author Name: forexlive

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