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UBS wary as China seeks global help to clean up local debt mess

Tuesday, August 11, 2015 - 05:50


CHINA is turning to global markets to help clear up a regional debt mess. Not everyone wants to be involved.

At least six local-government financing vehicles (LGFVs) have sold US$3.9 billion of bonds overseas this year, up from about three in 2014. They include Beijing

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