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Financial reporting organizations in China are tracking a mounting debt crisis that stems from excessive borrowing by local .

Cheng xiaonongXia yifanTang linminDiana choylevaChina international futures corporationKaiyuan securities research instituteEnodo economicsNikkei asiaUnreported implicit costsChinese citiesExcessive debt ratiosTencent financeDebt ratioKaiyuan securitiesShanghai universityMacroeconomic situation