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China's Hidden Debt Falls as LGFV Operational Debt Looms
China's hidden local debt fell 3.8 trillion yuan, but 14.8 trillion yuan in LGFV operational debt and high-interest loans create a new financial challenge.
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China's hidden local debt fell 3.8 trillion yuan, but 14.8 trillion yuan in LGFV operational debt and high-interest loans create a new financial challenge.