Why China's drive to resolve hidden government debt could fall short

Some estimates indicate nation has around $10tn in such debt

CHENG SIWEI, DING FENG, ZHANG YUZHE and ZHANG YUKUN, Caixin

China's central government has rolled out a new round of measures since the second half of last year to help local governments swap or restructure their off-the-books borrowing in a bid to control debt risk.

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