CX Daily: Chinese Local Governments Risk Replicating Mistakes of LGFVs
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In Depth: Chinese Local Governments Risk Replicating Mistakes of LGFVs
Chinese local governments have increased the number of culture-and-tourism investment companies (CTICs) in recent years, with some designed to shift their traditional financing vehicles onto a market-oriented footing, allowing localities to sidestep strict borrowing limits.
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