Logo 26 May 2023

Into the breach

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Trivium Markets keeps you briefed on the latest developments in China markets policy.

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More cracks are appearing in China's great wall of debt.

The latest mini-crisis was in Kunming, the capital of Yunnan province, where two local government financing vehicles (LGFVs) owned by the city government struggled to repay their bonds.

The deets: On Sunday, one repaid a RMB 200 million...