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China debt: Guizhou among indebted western areas facing ‘greatest’ repayment pressure amid default fears

Summary:
[unable to retrieve full-text content]China’s underdeveloped western areas, particularly the heavily indebted province of Guizhou, are set to face increasing pressure over the next five years due to rising debt levels that could potentially trigger risks in the state-dominated banking system, according to a new report.Caixin reported last week that a state-owned investment company, Zunyi Bozhou District State-Owned Assets Investment and Management Group which is better known as Bozhou Investment, defaulted on an infrastructure…

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[unable to retrieve full-text content]
China’s underdeveloped western areas, particularly the heavily indebted province of Guizhou, are set to face increasing pressure over the next five years due to rising debt levels that could potentially trigger risks in the state-dominated banking system, according to a new report.Caixin reported last week that a state-owned investment company, Zunyi Bou District State-Owned Assets Investment and Management Group which is better known as Bou Investment, defaulted on an infrastructure…

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