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Two-thirds of China's local governments in danger of breaching unofficial debt thresholds

Two-thirds of China's local governments in danger of breaching unofficial debt thresholds

The Wall Street Journal (gated) with this ICYMI., citing surveys by a US research firm and S&P reports..

  • Two-thirds of local governments are now in danger of breaching unofficial debt thresholds set by Beijing to signify severe funding stress
  • their outstanding debt exceeding 120% of income last year
  • About a third of China’s ma... Read More
Posted: Mar 7 2023, 03:07
Author Name: forexlive
Views: 092171

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