Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $2,680
3%  
Woo hoo!! 3rd Qtr 2025 FReepathon is now underway!!

Keyword: huntersgravytrain

Brevity: Headers | « Text »
  • China faces $800 billion in non-standard debt defaults; Banks struggle with liquidity.

    10/25/2024 11:30:15 AM PDT · by davikkm · 21 replies
    China is currently facing a staggering $800 billion in defaults in its non-standard debt market. Much of this debt is tied to Local Government Financing Vehicles (LGFVs), which issue fixed-income investments that aren’t publicly traded and are primarily used to fund infrastructure projects. Analysts estimate the size of this non-standard debt market to be massive, and recent data shows an alarming increase in defaults. In just the first nine months of 2024, 60 non-standard debt products tied to LGFVs have either defaulted or flagged repayment risks—up 20% compared to the same period last year. This surge has set a record...