China confronts the cost of dismantling the world’s biggest coal sector
Coal has been closely tied to the Communist Party’s history and to its efforts to transform China’s economy over the past decades.
There is an upside to the $340+ billion hole in China’s local government debt
Bloomberg reports on Monday Chinese banks "misclassified" $286 billion of outstanding loans to local governments according to the country's banking regulator. China's massive banks such as Agricultural Bank of China and China Construction Bank wrongfully put about 20% of these...
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