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China’s Regional Hinterland Suffers as Beijing Reins In Debt

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The economic gap between China’s less-developed western region and the wealthier eastern parts of the nation widened in the third quarter as Beijing’s crackdown on property and local government debt weighed on growth.

Fixed-asset investment in Guizhou, Qinghai, Shaanxi, Ningxia contracted in the first nine months of this year, contributing to weaker growth in those provinces than the national pace of 9.8% in the same period. Investment in Tibet also fell, but the region hasn’t published GDP data yet.