The city of Zhengzhou in China has seen its fiscal revenue drop and total debt grow in recent years.
As China tries to turn the page on one of its worst stretches of growth since the 1970s, its economy is being weighed down by the colossal debts of its local governments, which swelled during the pandemic and are starting to come to a head.…
This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.