BEIJING -- Chinese provinces and other local governments are escalating fundraising efforts to support small and midsize banks, hoping to curb risks to the financial system as bad loans become a serious problem.
China debt crunch
China taps public funds to ease risks from small, midsize banks
Local governments increase special bond issuances as bad loans squeeze lenders
Bank of Dandong received an injection of public funds from Liaoning province in spring 2022. (Photo by Shin Watanabe)
Read Next
_2048x1152.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on China debt crunch
