China’s Hidden Local Government Debt Is Half of GDP: Goldman Sachs

NTD Newsroom
By NTD Newsroom
October 1, 2021NTD Business

Goldman Sachs says hidden government debt at the local level in China is now more than half the size of China’s economy. The debt is all wrapped up in local investments that are not reported on by the central government.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.