In Depth: Local Governments Struggle to Tackle Mountain of Hidden Debt
2024-03-20 20:46:56来源: 财新网作者:Zhang Yukun
By Cheng Siwei, Wang Juanjuan, Zhang Yuzhe, Ding Feng and Zhang Yukun
2024年03月20日 20:46
Progress has been slow as many authorities experience difficulties in refinancing the borrowings of their financing vehicles and banks worry about potential bad debts
Local governments across China have been rushing to implement a debt-resolution plan outlined by the Politburo in July that involves defusing the debt risks of their financing vehicles and bringing hidden liabilities out of the shadows and onto their official books.
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