Policy lender, China Development Bank, has agreed to provide a large amount of 10-year loans annually to help local government financing vehicles Photo: Alamy

China pours more money into cheap loans to help regions deal with debt pile and aid economy

  • China Development Bank is providing low-interest rate loans to help local government financing units roll over maturing debt, including loans
  • Local government financing vehicle debt is estimated to account for 34 per cent of gross domestic product, according to China International Capital Corporation
Topic |   China economy

TOP PICKS

Policy lender, China Development Bank, has agreed to provide a large amount of 10-year loans annually to help local government financing vehicles Photo: Alamy
READ FULL ARTICLE