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China’s LGFV Debt Cleanup Eases Pressure on Lower-Level Platforms

Summary by Caixin Global
China’s LGFV Debt Cleanup Eases Pressure on Lower-Level Platforms - Average leverage ratios for both district-level and municipal financing platforms ticked up slightly in 2025, but smaller district-level platforms managed to keep their debt burdens below their municipal counterparts

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Caixin Global broke the news in Beijing, China on Wednesday, June 3, 2026.
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