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China's Local Governments Now Guarantee.......>

CHINA
CHINA: China's Local Governments Now Guarantee $842 Billion of Credit (BBG)
- Local government investment arms in China were once considered one of the
country's riskiest groups of borrowers and a time bomb in a creaky financial
system. But in recent years, a growing number of these heavily-indebted
entities, known as local government financial vehicles, have emerged as white
knights of a troubled private sector, offering guarantees to loans and bonds
from garment makers to construction firms.
- Link: https://tinyurl.com/v5wgund
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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