China's Ticking Time Bomb Of Local Government Debt
Bernard Aw, Chief Economist, Asia-Pacific, Coface
24-May-23 07:30
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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
Produced by: Shazana Mokhtar
Presented by: Shazana Mokhtar, Wong Shou Ning, Mark Tan
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Categories: international, government
Tags: local government debt, china,