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China says it will set up a system to resolve its local government debt risks forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
As Chinese leaders push forward a new stimulus plan, heavily indebted governments across the country are still feeling the effects of a crisis that threaten to stand in the way of an economic recovery. ....
China’s local governments are reporting worsening financial conditions. Their debt ratios have been increasing yearly, posing greater challenges . ....