The Next Big Risk For China’s Economy Is $9 Trillion of Debt
Obligations held by local government financing vehicles have nearly doubled in five years
Drivers on motor bikes in Kunming, Yunnan Province, China.
Source: Future Publishing/Future PublishingWelcome to The Brink. It’s Alice Huang in Hong Kong, reporting on mounting pressures in China’s local government financing vehicles. We also have a look at the US’s latest bankruptcy wave and an update on a fight between Major League Baseball and a bankrupt broadcaster. Follow this link to subscribe. Send us feedback and tips at rhuang262@bloomberg.net or Tweet/DM to @iverunoutofname.
Tremors in a key corner of China’s debt market are threatening to become the next force that will rattle the world’s second-largest economy.