Circuit testing in Xi’an, capital of northwest China’s Shaanxi province, on the Xi’an-Chengdu high-speed railway. Ambitious transport infrastructure projects have saddled China’s regional governments with heavy debt. Photo: Xinhua

Beijing’s readiness to help local governments avoid default has created a ticking time bomb, say analysts

  • Stepping in with official assistance when needed will help sustain national growth, but the cost may be an even bigger future reckoning with bad debt, say analysts
Topic |   China economy

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Circuit testing in Xi’an, capital of northwest China’s Shaanxi province, on the Xi’an-Chengdu high-speed railway. Ambitious transport infrastructure projects have saddled China’s regional governments with heavy debt. Photo: Xinhua
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