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BNP Paribas Asset Management

2023 Top 500 ranking: 34

Understanding China’s local government debt risk

Understanding China’s local government debt risk

Recent media reports on China’s debt-ridden Guizhou province pleading for Beijing to bail it out have raised market concerns about billions of dollars in local government debt which has been seen as ‘the canary in the coalmine’. The issue with impoverished Guizhou’s sizeable debt burden is illustrative of problems at ...

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