UPDATE: July 21, 2023, 04:29 PM IST
LM Data Team
Explore the precarious financial situation in China… MoreExplore the precarious financial situation in China as we focus on the country’s widespread debt crisis, focusing on growing concern around local government financing vehicles (LGFVs). With LGFV debt reaching 57 trillion yuan, which is nearly half of China’s GDP, questions arise over China’s ability to avoid a full financial disaster. Join us as we analyze the impact of tighter regulations, investor confidence and the looming risks associated with LGFV’s inability to service debt. Explore the potential consequences of municipalities relying on LGFV to solve fiscal problems and the growing pressure on wealthy provinces to create a fiscal crisis. As China’s economy matures, find out how Beijing must carefully handle this critical situation to ensure stability and avoid a long-awaited financial crisis.