China publicly names officials in ‘unprecedented’ hidden-debt crackdown. Can it work?

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Source: South China Morning Post
Published: 2026-09-18 11:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Asia, Economy & Finance, China, Tax & Budget, Elections, Business & Economy, Asia Pacific
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Snippet:
The escalating campaign comes as officially identified hidden debt shrinks, even as broader estimates of local financing vehicle liabilities remain far larger
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