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China debt: Gansu province moves to restore investor confide
China debt: Gansu province moves to restore investor confide
China debt: Gansu province moves to restore investor confidence, double borrowing with no default vow
Corporate bond financing in China’s Gansu province declined to 22.3 billion yuan (US$3.2 billion) in 2022 following the ‘technical default’ of a local government financing vehicle in 2021, according to a local financial official.
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