As China's economic growth gets back on track after three years of the pandemic, efforts to tackle the mountain of so-called hidden debt accumulated by local governments have reemerged as a priority on the agendas of top policymakers.
Caixin
China's effort to cut $10tn of 'hidden debt' faces uphill climb
Despite gains in some provinces, few resources on hand for local governments
The Ministry of Finance, pictured, launched a comprehensive survey of local governments' off-the-books borrowing.
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