Tuesday , June 15 2021
Home / South China Morning Post / China’s debt clamp down stokes risk of first local government debt defaults

China’s debt clamp down stokes risk of first local government debt defaults

Summary:
[unable to retrieve full-text content]The risk of a wave of defaults among China’s heavily indebted local government financing vehicles (LGFVs) for the first time is causing jitters in financial markets after Beijing signalled early this year there would be no bailouts.The central government set a modest economic growth target of above 6 per cent for 2021, but it highlighted debt reduction as one of five major tasks this year as it seeks to cut excess housing inventory and reduce overcapacity in certain sectors.Beijing’s renewed…

Topics:
Amanda Lee considers the following as important:

This could be interesting, too:

Tyler Durden writes Stanford Study: Most Mass Shooters Have Undiagnosed Psychiatric Illnesses

Tyler Durden writes Texas Electricity Prices Explode With Power Grid On Verge Of Another Meltdown

Tyler Durden writes Greenwald: The Enduring False Narrative About The PULSE Massacre Shows The Power Of Media Propaganda

Tyler Durden writes Goldman: Imagine You Were Stuck On A Deserted Island For The Past Couple Of Years

[unable to retrieve full-text content]
The risk of a wave of defaults among China’s heavily indebted local government financing vehicles (LGFVs) for the first time is causing jitters in financial markets after Beijing signalled early this year there would be no bailouts.The central government set a modest economic growth target of above 6 per cent for 2021, but it highlighted debt reduction as one of five major tasks this year as it seeks to cut excess housing inventory and reduce overcapacity in certain sectors.Beijing’s renewed…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.