Hong Hao of GROW Investment Group said China’s total local government debt may be much higher than official data. Investors attracted by China’s high-yield dollar bonds are betting on “very substantial” policy measures from the government, he said.
Hong Hao of GROW Investment Group said China’s total local government debt may be much higher than official data. Investors attracted by China’s high-yield dollar bonds are betting on “very substantial” policy measures from the government, he said.