China to Nullify Loan Guarantees by Local Governments (Update2)

China to Nullify Loan Guarantees by Local Governments (Update2)
March 8 (Bloomberg) — China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about credit risks on such debt increases.

Read more on Bloomberg

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Tagged as: Bloomberg, China, Governments, Guarantees, Loan, Loan Guarantees, loans, local, Local Governments, Nullify, Update2