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Word Is Bonds: China’s Provinces Use Special-Purpose Funds to Pay Debts

Summary by South China Morning Post
Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.

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  • 50% of the sources are Center, 50% of the sources lean Right
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Thanh Niên broke the news in Viet Nam on Thursday, June 19, 2025.
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