A difficult Sichuation
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Last week, the Ministry of Finance's Sichuan Regulatory Bureau called for better oversight of local government debt.
The bureau is worried about hidden local government debt (Gov.cn):
“There is a substantial connection between local government debt and broader financial risks.”
“Because financial i...