Tuesday , October 19 2021
Home / South China Morning Post / China debt concerns mounting as Beijing shifts attention to hidden local government financing

China debt concerns mounting as Beijing shifts attention to hidden local government financing

Summary:
[unable to retrieve full-text content]Concerns are mounting over how local governments in China will pay back so-called hidden debts raised through self-issued bonds, especially as Beijing is increasing controls to prevent a meltdown in its largely state-dominated financial system.After years of poor infrastructure returns, Beijing has flagged concerns over local government financing vehicles (LGFVs), which are typically entities set up by authorities to fund infrastructure projects.US rating agency Moody’s Investors Service said…

Topics:
Amanda Lee considers the following as important:

This could be interesting, too:

Tyler Durden writes FDA To Allow “Mixing and Matching” Of COVID Boosters

Tyler Durden writes North Korea May Have Test-Fired A Ballistic Missile, Japan Coast Guard Reports

Pearl Liu writes Evergrande’s debt crisis sates appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September

Tyler Durden writes Northern California Gets Reprieve From Worst Drought In Century As Rain And Snow Fall   

[unable to retrieve full-text content]
Concerns are mounting over how local governments in China will pay back so-called hidden debts raised through self-issued bonds, especially as Beijing is increasing controls to prevent a meltdown in its largely state-dominated financial system.After years of poor infrastructure returns, Beijing has flagged concerns over local government financing vehicles (LGFVs), which are typically entities set up by authorities to fund infrastructure projects.US rating agency Moody’s Investors Service said…

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Your email address will not be published.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.