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SCMP: China debt: ‘under pressure’ local governments racked up $2.3 trillion in hidden debt last year

Wed March, 2021, Age: 2 years

Under pressure to increase infrastructure investment for post-pandemic recovery, local governments in China accumulated $2.3 trillion in hidden debt. The estimate was made by government-linked think tank the National Institute for Finance and Development.


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Huawei "sales and profits stabilize after more than 3 years of US sanctions"- Asia Times
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