3min chapter

Market Depth cover image

Is It Too Late For China's New Stimulus Measures?

Market Depth

CHAPTER

Lever Grand's Local Government Financing Vehicles

Local governments set up what you may have heard of as lgfv's local government financing vehicles. Lever grand then takes that money issues debt as well and they Buy or lease land from the local governments, build property on said land. Beijing got nervous about all this This excessive leverage in the property sector and so they cracked down on it.

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