China publicly names officials in ‘unprecedented’ hidden-debt crackdown. Can it work?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?
The escalating campaign comes as officially identified hidden debt shrinks, even as broader estimates of local financing vehicle liabilities remain far larger

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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最近发布的一份官方通知再次将中国长期存在的地方政府隐性债务问题推到了风口浪尖。
本月初,财政部和中央纪律检查委员会联合公布了六个省份的六个典型案例,这些案例表明地方政府在解决未入账负债方面未能达到目标。
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