China Growth Lower, But Debt Much Higher

 

Chinese policymakers are continuing to work to reform the country's financial system and meet concerns about China's ability to be able to sustain its tremendous amount of borrowing.

The latest effort by policymakers is an increase in the ability of Chinese regional and local governments to issue bonds in order to improve their ability to meet capital spending needs, as announced during the annual National People's Congress of China in early March.


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