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Debt on a downward spiral: China s LGFVs | china, lgfv, local government financing vehicles, stress, credit, bonds, default, property, shadow banking, alicia garciaherrero

Analysts fear that defaults in the shadow banking space could push into public bond markets. Will Beijing be able to implement reform?

Hong kongCarnegie endowment for international peaceDistrict of columbiaUnited statesYuehao wuAlicia garcia herreroJohn wuGarcia herreroMichael pettisInternational studiesHaymarket mediaGuanghua school of management peking universityCentre for strategicHong kong foreign correspondent clubAsia pacificGuanghua school

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