![China’s Local Government Financing Vehicles Face Debt Crisis](https://www.gkseries.com/blog/wp-content/uploads/thumbs_dir/Chinas-Local-Government-Financing-Vehicles-Face-Debt-Crisis-q58cz8ilq7bubanqeepr3k11pwehq456pi5xatl9cw.jpg)
China’s Luck with Financial Crises May Be Running Out: Despite being one of the world's most indebted countries, China has yet to undergo a full-blown financial crisis. While there have been close calls, such as the government seizing a regional bank in 2019 to prevent a run on deposits and a wave ...
READ MORE +