China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
Record Defaults Hit $800 Billion Chinese Municipal Debt Market

Record Defaults Hit $800 Billion Chinese Municipal Debt Market

Oct 25, 2024
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China Daily Reads
China Daily Reads
Record Defaults Hit $800 Billion Chinese Municipal Debt Market
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  • Retail investors struggle to get repaid despite state support

  • Defaults of non-standard debt have risen to record levels

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