BEIJING -- China plans to let some local governments tap a new bond issuance scheme to help them roll over debts held by struggling infrastructure developers.
The move represents China's latest effort to defuse the risks associated with local governments' off-balance-sheet debt. Much of this hidden debt stems from so-called local government financing vehicles (LGFVs) set up to pay for roads and other projects.
Bagikan Berita Ini
0 Response to "China tries to defuse local debt risk with $200bn refinancing tool - Nikkei Asia"
Post a Comment