China's debt-servicing costs to top $170bn on growing bond

 

China's debt-servicing costs to top $170bn on growing bond 

The debt-servicing burden is expected to increase 7.8% in 2024 to a record 1.27 trillion yuan ($177 billion), Ministry of Finance data shows. The figure has continued to rise amid a surge in bond issuances to fund economic stimulus and support cash-strapped regional governments.