Is a Debt Bubble Looming in China Amid Surging Local Government Debts?
Removed company signage (top L) is seen in a general view of the unoccupied Evergrande Center building in Shanghai on July 27, 2022. Hector Retamal/AFP via Getty Images
Rising local government debts and a sluggish economy fuel concerns about a debt bubble in China. Experts assert that Beijing must either initiate an extensive debt restructuring plan for local governments or curtail their role in bolstering economic growth.
Indrajit Basu
Author
Indrajit Basu is a contributor to The Epoch Times.
