Just how big is China’s ‘hidden’ debt pile? Beijing orders local cadres to find out

China’s ruling Communist Party and cabinet have ordered local authorities to stop amassing “hidden” debt as part of Beijing’s bigger push to head off catastrophic financial risks. The full text of the order has not been released but the official Hunan Daily reported on Thursday that provincial governor Xu Dazhe ordered cadres “to follow requests from the central leadership … http://bit.ly/2NhaU52

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