Calling for intervention
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Beijing needs to intervene urgently to tackle local government debt, as growing defaults could threaten the stability of the banking system and make the cleanup more costly.
That’s according to Zhang Ming, a senior economist at China’s leading social sciences think tank (CASS) in an interview publis...