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China's Ticking Time Bomb Of Local Government Debt

China's Ticking Time Bomb Of Local Government Debt

Morning Brief

May 23, 202310m 21s

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Show Notes

Goldman Sachs estimates that China’s government debt amounts to $23 trillion US dollars, and this includes debt amassed by regional governments and municipalities. How do these debt levels weigh down on China’s economic recovery? Bernard Aw, Chief Economist at Coface gives us his analysis.

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