Growing financial distress in regions across China is raising the risk of local governments defaulting on their bonds, as the nation presses on with its costly zero-Covid strategy.
On July 19, the 9th China-EU High-Level Economic and Trade Dialogue, co-chaired by Chinese Vice-Premier Liu He and Executive Vice-President of the European Commission Valdis Dombrovskis, and attended by more than 20 ministerial-level officials, was successfully held.