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.
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)
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