China’s Local Governments Face Squeeze From $2 Trillion in Debt

China's local governments face squeeze from $2 trillion in debt

Bloomberg Markets and Finance published this video item, entitled “China’s Local Governments Face Squeeze From $2 Trillion in Debt” – below is their description.

China’s provincial governments face mounting debt burdens amid the Covid-19 pandemic that’s hurting economic growth and the property crisis. James Mayger reports on Bloomberg Television.

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