Qingdao city in China s debt-laden
Shandong province has set up a company to bail out its
cash-strapped local government financing vehicles ,
sources said, as regional governments rush to reduce debt.
Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy.
By Samuel Shen and Tom Westbrook (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped l.