Thursday, July 21, 2016

China's Local Debt Problem Goes Global
Bloomberg article highlights how China's debt problem is going overseas .. "Debt from special-purpose vehicles linked to municipal and provincial governments -- leverage that central authorities are trying (unsuccessfully) to extinguish -- is becoming more common in overseas markets. What's worse, lately it's been the weakest cities and provinces panhandling to international investors."
LINK HERE to the article

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