Opinion: China province bonds a step in the right direction
Beijing’s blessing on Zhejiang province to issue China’s first provincial bond issue is a positive step towards fixing local government debt worries but is not a final solution. Much greater transparency and some central government debt coverage will also be needed.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts