China's $195 Billion Debt Splurge Has Less Bang Than You Might Think
Buildings stand illuminated at night on the Shenzhen side of the border beyond farmland in the Ma Tso Lung district of Hong Kong. (Photographer: Justin Chin/Bloomberg)

China's $195 Billion Debt Splurge Has Less Bang Than You Might Think

(Bloomberg) -- China’s burst of local bond issuance is supposed to fund roads, affordable homes and other infrastructure developments that will help support its flagging economy. But there don’t se...
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