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Economy

Chinese local governments still getting deeper in debt

Public-private partnerships used to work around borrowing controls

| China

Since the 2008 financial crisis, Chinese economic policymakers have been grappling with rising debt amid worries about slowing growth momentum. The front line of this battle is fought by local government officials, who must juggle the conflicting targets of reducing public sector borrowing and ensuring that China hits the central government's goal of doubling gross domestic product in the decade to 2020.

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