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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.