Is China ready for asset sales to address its local government debt?
Published on Friday, March 14, 2014 | Updated on Friday, June 17, 2016
Is China ready for asset sales to address its local government debt?
Local governments have much more debt today than we thought they had during the last assessment in 2011. We see three risks arising from the increase in local government debt: maturity mismatches, rising interest burdens, and repayment difficulties.