China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
China’s Debt Cleanup Leaves Less Cash for Big Building Projects

China’s Debt Cleanup Leaves Less Cash for Big Building Projects

Nov 19, 2024
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China Daily Reads
China Daily Reads
China’s Debt Cleanup Leaves Less Cash for Big Building Projects
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  • Certain local bonds diverted to repay older debt through 2028

  • Move shows Beijing’s concern regarding finances of localities

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