China Perspectives

Harry Hu, Senior Director at Fitch Ratings, discusses China's recent efforts to manage LGFV risks, including LGFV reclassification and debt substitution plans, along with local government debt trends.
  • (00:00) - Introduction
  • (01:30) - LGFV Debt Control Measures
  • (03:07) - LGFV Reclassification
  • (04:59) - LGFV Debt Substitution Plan
  • (06:55) - Outlook for Special Purpose Bonds
  • (09:34) - Local Government Interest Burdens
  • (11:14) - Conclusion

What is China Perspectives?

China Perspectives series is a monthly discussion on the latest credit market and economic developments from China with experts from both within and outside of Fitch Ratings.