Market attention shifts to harder-to-resolve LGFV debt ahead of 2027 deadline
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China’s cabinet called for stronger policy support to help local governments complete off-balance-sheet debt cleanup before a mid-2027 deadline, as Beijing seeks to contain local debt risks.
Resolving LGFVs’ sprawling operational debts is running into complications, partly in the form of a tangle of high-interest,…
Resolving LGFVs’ liabilities is running into complications, with high-interest, noncompliant debt banks are reluctant to touch
The finance ministry is elevating its oversight of government debt as it works toward a 2027 deadline to eliminate hidden…
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…
Ultra-long bonds, tax changes and tighter debt oversight anchor fiscal strategy as growth remains uneven
China's CNY10 trillion local government debt cleanup is curbing hidden borrowing but forcing austerity that threatens economic…
