China's Ticking Time Bomb Of Local Government Debt

Bernard Aw, Chief Economist, Asia-Pacific, Coface

24-May-23 07:30

China's Ticking Time Bomb Of Local Government Debt

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Goldman Sachs estimates that China’s government debt amounts to $23 trillion US dollars, and this includes debt amassed by regional governments and municipalities. How do these debt levels weigh down on China’s economic recovery? Bernard Aw, Chief Economist at Coface gives us his analysis.

Image by: ZDL / Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Mark Tan

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Categories: international, government

Tags: local government debt, china,

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