ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China debt crunch

China province seeks lifeline for debt-ridden infrastructure projects

Guizhou asks for payment extensions and restructuring, with nod from Beijing

Guizhou is a relatively poor province which lacks major companies outside of Kweichow Moutai, a leading maker of spirits. (Photo by Yusuke Hinata)

SHANGHAI -- China's Guizhou Province government has asked lenders for debt relief for state-owned infrastructure investment companies, an unusual step that underscores the debt hidden beneath the surface of the world's second-largest economy.

Shen Yiqin, the Communist Party secretary of Guizhou and top provincial official, summoned executives of financial institutions for a meeting this month regarding loans extended to the poor, landlocked province's local government financing platforms.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more