>If you’re looking for a China economy risk, this is the big one. LGFVs owe debts equal to roughly 50% of gross domestic product. Only around one-fifth of the 2

>If you’re looking for a China economy risk, this is the big one. LGFVs owe debts equal to roughly 50% of gross domestic product. Only around one-fifth of the 2,892 such vehicles hold sufficient cash on hand to meet their short-term debts and make interest payments, according to an analysis by the Rhodium Group It’s all a potential financial disaster. ??!! Wow