China’s $7 Trillion “Hidden Debt” Is Back In Focus

By Ye Xie, Bloomberg Markets Live reporter and analyst While optimism toward China has been growing amid the economic reopening, the recent loan restructuring of a local government financing vehicle shined a light on this $7 trillion in “hidden” debt. While this group of borrowers has never defaulted, markets are starting to get worried, shunning some weaker […] Source
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