China’s Cities Are Buried in Debt, but They Keep Shoveling It On

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27 Mar

China’s Cities Are Buried in Debt, but They Keep Shoveling It On">China’s Cities Are Buried in Debt, but They Keep Shoveling It On

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China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.

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