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

Topic |   China economy

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Xingyang’s Communist Party school was one of the buildings used as collateral for the 800 million yuan bond. Photo: Simon Song
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