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China lays out ground rules to tackle local debt mess

Challenge is convincing financial institutions to make swaps, buy bonds

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More than six years after China unleashed a record credit boom to shore up growth in the grip of the biggest global financial crisis since the 1930s, policymakers are starting to address the shaky financing that resulted.

Beijing

MORE than six years after China unleashed a record credit boom to shore up growth in the grip of the biggest global financial crisis since the 1930s, policymakers are starting to address the shaky financing that resulted.

In a template that could be expanded, regulators

sentifi.com

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