Slowing revenue at Chinese local govt raises debt threat: Moody’s
Several Chinese regional and local governments (RLGs) expect slower revenue growth this year and will consider raising debt to finance capital investments, leading to deterioration in asset quality.
Slowing revenues of China’s RLGs is anticipated to boost the level of indebtedness of the country, adding to the already high levels of debt held by their financing conduits known as local government financing vehicles (LGFVs).
The pace of growth of RLGs’ fiscal revenues remains solid with
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