Local borrowing will stress China's stability
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In this article
- Over-borrowing?
- Opaque
- Moral hazard
- Dubious returns
- Substantial sums
- Precedents?
- ITICs
- AMCs
- Stability stresses
- Fiscal sustainability
What is this?
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_350.jpg "A building stands uncompleted in an abandoned amusement park near Beijing (Reuters/David Gray)")