Investors are effectively betting on Beijing’s support if things go bad with China’s riskiest form of state borrowing
Smaller cities and counties in China have long used local government financing vehicles to raise money via debt that is kept off the books of the municipalities
themselves. The borrowers are often heavily indebted and lack formal state backing, although they are typically seen as carrying an implicit guarantee that Beijing...
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China is resorting to new forms of bullying in the South China SeaIt wants other littoral states to adopt a lopsided code of conduct
Read more »
President Andrew Yang would charge Harvard at least $300 million a year to establish a university in OhioYang told Newsweek that 'instead of opening outposts in China, Harvard could be opening campuses in the Midwest and using the new locations to expand and experiment with new models of education.'
Read more »
Marc Benioff says capitalism, as we know it, is deadMarc Benioff, the billionaire co-CEO of Salesforce and owner of Time Magazine, says 'capitalism, as we know it, is dead,' and adds that it is time for a new form of capitalism that focuses more on societal good.
Read more »
Bop Shop: Songs From Fall Out Boy, Kim Petras, Wyclef Jean, And MoreThis week’s BopShop has something for everyone, with fresh new tracks from G1RLRAY, DiscoShrine, Japanesehouse, and more
Read more »
New York court blocks state ban on flavored e-cigarettesA New York court on Thursday temporarily halted a state ban on the sale of flavo...
Read more »