CX DAILY

CX Daily: China Pushes LGFVs Beyond ‘Fake’ Transformation

Published: Oct. 9, 2026 9:00 a.m. GMT+8

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Across China, local government financing vehicles (LGFVs) have been undergoing a massive wave of renamings, dropping monikers tied to “urban construction” in favor of “industrial investment” to bypass strict borrowing limits.

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