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Just how big is China’s ‘hidden’ debt pile? Beijing orders local cadres to find out

Frank Tang  |  August 21, 2019

“China’s ruling Communist Party and cabinet have ordered local authorities to stop amassing “hidden” debt as part of Beijing’s bigger push to head off catastrophic financial risks. The order was sent to municipal governments throughout the country, according to official reports of cadres meeting to study the threat.”

Read the full article on: South China Morning Post

 
 
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