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China’s ‘problematic’ local debt in the spotlight as it begins scaling back coronavirus stimulus

Summary:
[unable to retrieve full-text content]China’s continued strong recovery from the coronavirus pandemic in the first quarter is prompting Beijing to begin tackling financial vulnerabilities, including introducing tighter borrowing rules for debt-ridden provinces and curbing bank credit for the red-hot property sector.Clearing debt together with helping businesses recover and prepare for international uncertainty are expected to be high on the agenda when China’s elite policymaking body, the 25-member Politburo, gathers for its…

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[unable to retrieve full-text content]
China’s continued strong recovery from the coronavirus pandemic in the first quarter is prompting Beijing to begin tackling financial vulnerabilities, including introducing tighter borrowing rules for debt-ridden provinces and curbing bank credit for the red-hot property sector.Clearing debt together with helping businesses recover and prepare for international uncertainty are expected to be high on the agenda when China’s elite policymaking body, the 25-member Politburo, gathers for its…

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