Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
How one city’s borrowing practice highlights China’s daunting financial risks
In Xingyang, communist party and court buildings were used as collateral for 800m yuan bond
Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
