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China’s Local Governments Pile On Debt In Growth Hunt

CHINA

China’s local governments are expected to issue more than CNY3 trillion in special bonds in 2023, with some of the funding backed by projects with marginal returns as debt-burdened cities and towns scramble to raise funds to support growth as once reliable land sale revenues have been squeezed, advisers and analysts said -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.

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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