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    Defusing local government debt risks: What’s in the Politburo’s basket? 

    Senior officials are finally getting serious about addressing the country’s longstanding local government debt challenges.  The turning point: On July 24, the Politburo met for its quarterly discussion of the Chinese economy. In the readout of the meeting, the Politburo said it would soon roll out a “basket of measures” to defuse risks arising from local government debt.  A coordinated effort

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