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From:
www.eastisread.com
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China's local govt debt in 2020 was 50% higher than WB, IMF estimates: David Daokui Li
https://www.eastisread.com/p/chinas-local-govt-debt-in-2020-was
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Local govt debt soared after 2015, surpassing the combined revenues of local govts and profits of local SOEs, necessitating a central govt bailout, said the prominent economist at Tsinghua.
