HONG KONG -- Pan Gongsheng, governor of the People's Bank of China, warned on Tuesday that certain financially weaker regions in the west and north of the country may have "difficulties servicing local government debts."
China debt crunch
China central bank chief flags regional debt servicing 'difficulties'
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People's Bank of China Gov. Pan Gongsheng speaks during a Hong Kong Monetary Authority and Bank for International Settlements conference in Hong Kong on Nov. 28. © Reuters
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