Updated Oct. 13, 2023 1:51 am ET
After a decade of kicking the can down the road, China’s local government debt problem has become impossible to ignore. How adroitly Beijing acts to address it could make or break China’s financial system over the next several years—and the economy’s trajectory as a whole.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
