[Local Debt Resolution Accelerated, Hidden Debt Balance Reduced Rapidly]

Published: Mar 30, 2026 13:57

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To prevent and defuse local debt risks, local governments have accelerated this year’s hidden debt swap program. According to Enterprise Early Warning data, as of March 30 this year, local governments had issued about 96 billion yuan of special refinancing bonds for swapping hidden debt, accounting for nearly half of this year’s planned issuance scale (200 billion yuan).

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