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China publicly names officials in ‘unprecedented’ hidden-debt crackdown. Can it work?

The escalating campaign comes as officially identified hidden debt shrinks, even as broader estimates of local financing vehicle liabilities remain far larger

The Star MalaysiaSouth China Morning Post查看原文 ↗
中国公开点名批评官员,展开“史无前例”的隐性债务打击行动。此举能奏效吗?

A recently issued official circular has put China’s long-running problem with hidden local government debt back in the spotlight.

Earlier this month, the Ministry of Finance (MoF) and the Central Commission for Discipline Inspection (CCDI) jointly outlined six typical cases spanning six provinces where local authorities had fallen short of targets to resolve unrecorded liabilities.

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