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Chen Long is a Professor of Finance at CKGSB

Joint Liability of Platform Loans

January 30, 2013 By Chen Long

Despite the fact that local governments avoid paying debts, banks do not have sufficiently powerful means to regulate debtors. It remains doubtful whether or not the central government will be able to repay the debts. Therefore, it is inappropriate to presume the safety of platform loans with the argument that “the government will assume joint […]

Filed Under: All Articles, China, Chinese Economy, Finance Tagged With: Banks, Debt, Local Government, Platform Loans, Slider

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