Record China Local State Borrowers Miss Short-Term Debt Payments bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
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(Bloomberg) China’s local government financing vehicles are showing more signs of stress, with a record number of them missing payments for a popular type of short-term debt last month. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampMusk Says He May Need Surgery, Will Get MRI on Back and NeckUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarShort Seller Hindenburg Nabs Tiny Gains Off
SHANGHAI (Reuters) - Slowing economic growth in China and anaemic demand for loans has sparked heavy buying of low-risk short-term financial instrumen.