Wu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.orgWu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.org
Wu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.org

China’s local government debt at ‘boiling point’ as Beijing seeks to boost growth, says renowned academic

  • Regional authorities have issued US$163.8 billion in debt since the start of 2019, four times that of year-earlier period
  • But China will not be centre of next crisis as the financial system is ‘healthy’, says Renmin University vice-president professor Wu Xiaoqiu

Topic |   China economy
Wu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.orgWu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.org
Wu Xiaoqiu of Renimin University of China at the Boao Forum for Asia. Photo: boaoforum.org
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