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China’s local government financing vehicles are a ticking debt bomb

Amid infrastructure drive, shadowy LGFVs, which let local governments circumvent borrowing limits, risk triggering a debt-fuelled bust.

Chatty NewsChatty News
Feb 5, 2025 - 00:30
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China’s local government financing vehicles are a ticking debt bomb
Amid infrastructure drive, shadowy LGFVs, which let local governments circumvent borrowing limits, risk triggering a debt-fuelled bust.
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