https://www.scmp.com/rss/326370/feed Local government debt en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s overall debt level is set to rise this year to a record as analysts expect China to be borrowing more money in the coming months to rescue its coronavirus-hit economy. But the economic fallout from the pandemic has raised concerns over the state firms and local governments’ ability to pay back those loans to investors, potentially triggering a financial tumble at home which could destabilize other markets around the world.  The South China Morning Post examines China’s debt, who owns it... https://www.scmp.com/business/what-you-need-know-about-chinas-record-high-debt/article/3085462?utm_source=rss_feed https://www.scmp.com/business/what-you-need-know-about-chinas-record-high-debt/article/3085462?utm_source=rss_feed Thu, 21 May 2020 11:57:18 +0000