One of China’s poorest provinces is testing Beijing’s mettle with a mountain of debt that local borrowers are struggling to repay. Investors worry it is a harbinger of another major debt crisis in the country, and believe the central government will have no choice but to defuse it.
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Source: https://www.wsj.com/articles/one-of-chinas-poorest-provinces-faces-imminent-debt-problem-5ca1becf?siteid=yhoof2&yptr=yahoo