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

China provinces rush to address 'hidden debt'

Fears grow over local government finances after multiyear spending spree

Local government entities have been some of China's biggest borrowers.   © Reuters

HONG KONG -- Chinese local governments are rushing to shore up their finances as fears mount that borrowing by the public sector could become the next crunch point for the country's $50 trillion financial system.

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