China's Teetering Local Debt Mountain
After a decade of kicking the can down the road, the problem has become impossible to ignore. Beijing might soon have no choice but to bail out cities and provinces.
Source: livemint.com
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Refinancing Bonds: Chinese local governments rush to issue bonds for debt repayment
International Business News: Several Chinese local governments, including Liaoning and Chongqing, have announced plans to issue refinancing bonds to repay existing debt, as part o
Source: indiatimes.com
China Is Trying to Dig up Hidden, Unpaid Government Bills
Beijing has embarked on new nationwide inspections to determine how much debt local governments owe, Bloomberg reported.
Source: businessinsider.com
China economy: financial distress of local governments raises debt-default risks, weighs on average Chinese
Local-level coffers are running low in some parts of China as the government sticks with its restrictive zero-Covid policy, and there are rising concerns that public services could be adversely affected.
Source: scmp.com
Buenos Aires Times | Argentina publishes decree on budget changes for 2022
Government issues decree on Tuesday authorising more local debt issuance this year.
Source: batimes.com.ar