November 4, 2026

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CNBC's The China Connection newsletter: The 'cliff' beneath China's cities

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Beijing has room to borrow, but heavily indebted local governments are cutting back, raising the stakes for growth and for how China manages its local debt.

CNBC reported this story. Read the full report on cnbc.com →

This is a short summary. CNBC wrote and published the full report.

Continue on cnbc.com →

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