China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan (USD 2.95 trillion) as of the end of June.
China says local government debt soars
China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan (USD 2.95 trillion) as of the end of June.
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