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HomeNewsOpinionThe local government debt that threatens China’s economy

The local government debt that threatens China’s economy

Aurobindo Das   •
©The Financial Times Limited 2020 Aug 24, 2023 / 11:59 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

With a massive pile of onshore debt repayments due in 2023 and 2024, the stress on local governments, already struggling during an economic slowdown, has intensified

Beijing has decided to send teams of officials from the central bank, finance ministry and securities watchdog to more than 10 of the financially weakest provinces to scrutinise their books and find ways to cut their debts

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