China's LGFVs Must Repay a Record $651 Billion of Bonds in 2024

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(Bloomberg) -- China’s local government financing vehicles need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default. Most Read from BloombergTech Stocks Log Four-Day Losing Streak, Bonds Rise: Markets WrapSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Harvard’s President Quits After Plagi

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