China’s Fast-Growing Local Government Debt Is Not All That Bad

After expanding at an annualized rate of 17% between June 2013 and December 2015, China's local government debt may grow at a slower pace going forward and pose only limited impact to the local government's fiscal soundness, says a research report by Standard & Poor's Ratings Services. The rating agency estimates that total local government […]

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Read the original article: China Money Network