Local debts keep rising, but will not cause financial crises – Victor Shih

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Victor Shih

China faces a financial dilemma, as it wants economic growth, and forces local governments¬†to borrow more money, against the wishes of the central government, says financial and political analyst Victor Shih in the CeMEAS Conversations on China’s economic future. But external threats to the country’s stability do exist, he adds.

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