China is issuing a greater proportion of longer-maturity sovereign debt to secure financing, but the increase in supply risks pushing up yields and weighing on already-weakening demand.
The ADB brief shows that Europe’s long experience with fiscal rules highlights the importance of transparent, flexible, and ...
China is managing its government debt burden through refinancing and swaps that buy time but fail to address structural flaws, risking a prolonged balance sheet recession. Sequenced reforms should ...
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