China’s property implosion has further to go, and markets are worried
Summary
The scare over a liquidity crisis in a state-owned company in Guangdong has rippled through China’s debt markets and shone a light on the financial pressure in its local governments.
Description from The Sydney Morning Herald.
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China’s property implosion has further to go, and markets are worried
The scare over a liquidity crisis in a state-owned company in Guangdong has rippled through China’s debt markets and shone a light on the financial pressure in its local governments.
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