June 15, 2021 |
Economy
When it comes to local debt, Guangdong province is in the best fiscal shape
Note: This is based on a sample of roughly 2,500 LGFVs. Generally speaking, a high level of debt drag is not necessarily correlated with default risk, as fiscally stronger provinces are more capable of servicing their debt and have lower default risk.
Source: Wind; MacroPolo.
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