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Juuso Kaaresvirta

Juuso Kaaresvirta

Large Debt Relief Package in China Fails to Impress

China is raising the debt ceiling for local authorities and simultaneously launching a new large program for special bonds. The market does not seem impressed by the measures, which are described by experts as a debt relief package to handle hidden debts and reduce interest costs at the local level.
Large Debt Relief Package in China Fails to Impress
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