Finance

China's local government debt problems are a hidden drag on economic growth

China's persistent consumption slowdown traces back to the country's real estate slump, and its deep ties to local government finances — and debt.

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Sep 16, 2024 - 13:00
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China's local government debt problems are a hidden drag on economic growth
China's persistent consumption slowdown traces back to the country's real estate slump, and its deep ties to local government finances — and debt.
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