China Local Government Finance Vehicle’s Flop Raises New Concern
(Bloomberg) — A local government investment arm from one of China’s poorest regions has reportedly missed an early bond repayment, casting fresh doubts over the destiny of a group of borrowers that have long thrived on Beijing’s implicit backing. Hohhot Economic & Technological Development Zone Investment Development Group, a local …
News story posted on 2019-12-09T03:39:00.0000000Z
