Can Beijing limit the spread of China's debt disease?

Local government debt is a growing problem in China, and working out how to cope with it is one of Beijing’s biggest challenges.

Burgeoning local government debt is a cancerous tumour weighing down the health of the Chinese economy, and figuring out how to manage the growing burden is one of the biggest challenges facing Beijing.

The State Council, the Chinese cabinet, last week issued a comprehensive set of directives designed to improve transparency, clarify the responsibility of debtors and put a lid on the overall size of the debt during the National Day holiday.

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