Local government financing vehicles have been the go-to platforms for local governments to secure off-balance borrowing for infrastructure projects for years, but the amount of hidden debt they carry makes them a particular concern at a time when local government finances are under heavy scrutiny. Photo: Xinhua
Beijing is finally tackling debt problems ailing China’s economy
2023-07-11T07:45:11-04:00July 11th, 2023|
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