China’s local authorities have been ordered to get a grip on their piles of ‘hidden’ debt. Photo: AFP

Just how big is China’s ‘hidden’ debt pile? Beijing orders local cadres to find out

Lower-level authorities told to assess the scale of back-door financing and come up with ways to tackle it

Topic |   China economy

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China’s local authorities have been ordered to get a grip on their piles of ‘hidden’ debt. Photo: AFP
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