BFM Podcast
China's Ticking Time Bomb Of Local Government Debt
24-May-23 07:30
Bernard Aw, Chief Economist, Asia-Pacific, Coface
Goldman Sachs estimates that China’s government debt amounts to $23 trillion US dollars, and this includes debt amassed by regional governments and municipalities. How do these debt levels weigh down on China’s economic recovery? Bernard Aw, Chief Economist at Coface gives us his analysis.
Image by: ZDL / Shutterstock.com
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