A Debt That Could Stunt China's Economy
Podcast |
The Big Take
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
News
Publication Date |
Jun 01, 2023
Episode Duration |
00:25:24

Hegang, a remote coal town in northern China that faced a mountain of debt, was forced to undergo an unprecedented financial restructuring. And it’s not alone. A local debt problem in some of China’s cities threatens to be a drag on the world’s second-largest economy for years to come.

Bloomberg’s Colum Murphy and James Mayger join this episode from Beijing to talk about what’s happening in Hegang and other cities, and why China’s local debt challenges may be felt well beyond its borders.

Read more: China’s $23 Trillion Local Debt Mess Is About to Get Worse

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Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.

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