China May Face Financial Crisis With Cities Under Trillions Of Debt Following Zero-Covid Policy: WSJ

China's Ministry of Finance warned local authorities that the central government would not bail them out for their accumulated liabilities.

Related Keywords

China ,Zhengzhou ,Henan ,Shangqiu ,Chinese ,Xu Aiqiang ,Nicholas Borst ,International Monetary Fund ,Rhodium Group ,Cnn ,Wall Street Journal ,New York Based ,Chinese Ministry ,San Francisco Based ,Seafarer Capital Partners ,World ,Debt ,Covid 19 ,Financial Crisis ,Iphone ,