Tuesday, November 28, 2023

China central bank chief flags regional debt servicing 'difficulties'

 China Local Government Debt Has Investors Worried About Bond Defaults - BloombergChina central bank chief flags regional debt servicing 'difficulties'

Pan Gongsheng, governor of the People's Bank of China, warned on Tuesday that certain financially weaker regions in the west and north of the country may have "difficulties servicing local government debts."
China economy: financial distress of local governments raises debt-default risks, weighs on average Chinese | South China Morning Post

Posted by Tun Marvin at 9:58 PM

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