China s Murky Debt Corner Faces Funding Squeeze bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearIsrael Quietly Embeds AI Systems in Deadly Military OperationsOil Surge to $80 Shows Long-Awaited Market Tightening Is