China local governments are finding it difficult to service debt raised via municipal and Local Government Financing Vehicles (LGFVs) bonds, as their fiscal p
Get latest articles and stories on World at LatestLY. According to S&P Global Ratings analysts, local government direct debt exceeded 120 per cent of revenue in 2022. World News | China s Local Governments Finding It Difficult to Service Debt as Fiscal Position Tightens: Report.
China s local governments are finding it difficult to service debt raised via municipal and Local Government Financing Vehicles (LGFVs) bonds, as their fiscal position has become tight due to the slowing economic growth and fall in revenue receipts amid a downturn in the property market.
Dr. Thomas Triska - Jan Furnivall
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