Sep 22, 2023 11:21 AM

Weekly Must-Read: China’s Trillion-Dollar Local Government ‘Hidden Debt’ Dilemma

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# Economy #

In Depth: China’s Trillion-Dollar Local Government ‘Hidden Debt’ Dilemma

To solve the problem, policymakers need to take drastic measures, such as allowing local authorities to sell bad debt to asset managers and giving them a bigger slice of tax revenue, experts say

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