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Michael Pettis
michaelpettis.bsky.social
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Bloomberg: "China pledged to step up efforts to defuse local government debt risk while supporting growth, as the State Council called for stronger policy execution in a challenging global environment."
https://www.bloomberg.com/news/articles/2026-05-09/china-vows-to-advance-efforts-to-defuse-local-government-debt?utm_source=website&utm_medium=share&utm_campaign=twitter
2026-05-10T10:21:57.360Z