From November 2024 to 2026, China cumulatively replaced 5 trillion yuan of local government debt. However, the statutory debt balance increased by 10.7 trillion yuan, indicating that the local government debt problem remains severe.
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This event
China Replaced 5 Trillion Yuan in Local Government Debt, But Statutory Debt Balance Increased by 10.7 Trillion Yuan
2026.09.24 · Verified
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