Investors zero in on China local debt blowup as top risk in Asia | Amy Bainbridge, Cynthia Li & Kyungji Cho / Bloomberg
Investors across Asia earmarked China’s ballooning levels of municipal borrowing as the region’s number one financial risk this year in a survey that ranked their biggest concerns. China local government financing vehicles, or LGFVs, were the most frequently cited top risk in a Bloomberg survey of 53 economists, money managers…