China's local government debt

Credit quality polarised among China’s local governments

Not all of China's local governments are drowning under the weight of their debts, according to a report by Standard & Poor's.

<div style="text-align: left;"> Qingdao, in Shandong province, where the local economy is thriving </div>

Lillian Liu

February 17, 2012

It is often assumed that China’s local and regional governments are all mired in unsustainable debt, but it turns out that not all provincial governments are created equal.

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