Six Chinese provinces have committed at least $17bn to bailout funds for SOE, as Yongcheng crisis in Henan demonstrated risks

Six Chinese provinces have committed at least $17bn to bailout funds for SOE, as Yongcheng crisis in Henan demonstrated risks to provincial economies. Are the implicit guarantees going to be called? Potentially puts huge pressure on provincial finances!
ft.com/content/d75dcb… https://t.co/jklS9zZAHl

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