China’s local governments have taken on unhealthy amounts of debt over the last few years but, unlike many, we do not think this should rank among policymakers’ primary concerns. Instead, we would focus on the much bigger increase in borrowing by the corporate sector, including by state-owned firms.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services