• 11/11/2024

China debt crisis: 8 cases of financial misconduct flagged as Beijing names and shames regions, banks

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Ministry of Finance says audits show state-owned banks and local-level governments across various regions skirted regulations with improper lending practices that resulted in growing piles of so-called hidden debt.

https://www.scmp.com/economy/china-economy/article/3240666/china-debt-crisis-8-cases-financial-misconduct-flagged-beijing-names-and-shames-regions-banks?utm_source=rss_feed