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The Party is in a State of Urgency as the Ministry of Finance Has Set Up a Debt Management Division in Response to the Worsening Local Debt Situation
China

The Party is in a State of Urgency as the Ministry of Finance Has Set Up a Debt Management Division in Response to the Worsening Local Debt Situation

Data from the Ministry of Finance indicates that by the end of September 2025, the total local government debt across the country has surged to 53.6995 trillion yuan, marking a 20% increase compared to the same period last year.

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