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China regulator says preventing local government 'debt implosion' a top priority - CNA

BEIJING : Preventing a local government "debt implosion" is a top priority, China's securities regulator was quoted by state media China Securities Journal as saying on Friday.

China should resolve bond default risks of large property firms and strengthen risk monitoring alerts for the debt of local government financing vehicles (LGFVs), the regulator was quoted as saying.

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