How China plans to cut hidden debt in massive shakeup
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Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable terms.
Hidden debts are defined as borrowing for which a government is liable, but not disclosed to its citizens or to other creditors.
Here are some of the key points behind China's massive debt shakeup:
Where is the debt hiding?
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