In Depth: Local Governments Struggle to Get On Top of Their Hidden Debt

Despite a decade of efforts to clean up trillions of yuan of off-the-books liabilities, many local authorities are still hunting for solutions

Tackling the mountain of hidden debt accumulated by China’s local governments is, once again, at the top of the political agenda as the economy gets back on track after a three-year pummeling from the Covid-19 pandemic……

https://en.caixin.com/2023-05-05/102045252.html

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