Debt trap | All new roads in China lead to a mountain range of debt

All new roads in China lead to a mountain range of debt

Beijing has already targeted state-owned enterprises, corporate conglomerates and ‘zombie companies,’ and is now going after local government borrowing

May 10, 2018 3:08 PM (UTC+8)
Road rollers level asphalt paved on the Jingxin Expressway in Northwest China's Xinjiang Uygur Autonomous Region. Photo: AFP
Road rollers level asphalt paved on the Jingxin Expressway in Northwest China's Xinjiang Uygur Autonomous Region. Photo: AFP