Nine provincial-level governments across China plan to raise a combined 410 billion yuan ($56 billion) through special bonds to swap their hidden liabilities, bringing them onto the books, as Beijing pushes ahead with its plans to tackle localities’ trillions of dollars of implicit debt.
In Depth: Chinese Local Governments’ Latest Effort to Tackle ‘Hidden Debt’
2023年10月12日 21:50
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Nine provincial-level governments plan to raise a combined $56 billion through special bonds to swap their implicit liabilities, bringing them onto the books
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- Beijing is pushing ahead with plans to tackle localities’ trillions of dollars of implicit debt.
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