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China's debt bubbles and property-sector fatigue are driving risk of economic failure

Chinaโ€™s ailing property sector is dependent on surging amounts of debt that are unsustainable. With over 40 per cent of local government bonds maturing in the next five years, authorities face a debt squeeze which, even if overcome, will recur without serious reform.
Property Sector Housing Bubble Debt Crisis Local Government Hidden Debt Three Red Lines
Source: scmp.com

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