ABU DHABI/WAM Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, led a high-level …
Read More »China’s debt puzzle grows complex as ‘off-book’ bonds increase
Bloomberg China’s evolving means of selling government debt is masking the true extent of the government’s planned borrowing levels. The official budget deficit target is 3 percent of economic output, but that doesn’t include all government debt. One category falling outside of the forecast is off-book bonds — or special bonds as they’re known in China — whose sales …
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