China’s quandary: Bail out debt-laden cities, or risk disruptive defaults? ...Middle East

Washington Post - Economy
China’s quandary: Bail out debt-laden cities, or risk disruptive defaults?
source : Washington Post ( Middle East ) () 50
Across China, local governments are struggling under a $23 trillion pile of debt. Beijing doesn't want to rescue them, but it also doesn't want them failing.

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