China's Post-crisis Borrowing Boom Comes Home to Roost for Local Authorities
A record spurt of infrastructure bond issuance by local government financing platforms has raised concerns about the ability of these vehicles to service their debts.
Eric Johnson
April 10, 2013
Petitioners over an illegal financing transaction gather outside the China Banking Regulatory Commission (CBRC) in Beijing, China, on Tuesday, Nov. 23, 2010. The petitioners were seeking attention from the CBRC to gain compensation over losses from a deal involving a port in Dalian. Photographer: Nelson Ching/Bloomberg
Nelson Ching/Bloomberg
