[ad_1] Updated Dec. 5, 2023 5:53 am ET China’s mounting local government debt woes are putting pressure on the country’s credit ratings. Moody’s Investors Service lowered its outlook for China’s…
Tag: Subnational Government Borrowing
China’s Teetering Local Debt Mountain, in Six Charts
[ad_1] Oct. 12, 2023 11:00 pm ET After a decade of kicking the can down the road, China’s local government debt problem has become impossible to ignore. How adroitly Beijing…
China’s Stimulus Pivot Is Prompted by Fears Slowing Growth Could Worsen
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Fueled by Long Credit Binge, China’s Economy Faces Drag From Debt Purge
[ad_1] Consumers, businesses and local governments are looking to deleverage—diverting income to pay down debt instead of spending and investing. [ad_2] Source link