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In China's Hugely Indebted Cities, Some Big Bills Are Coming Due

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In recent years, rampant borrowing has driven a significant chunk of China's economic growth. The bill is now becoming clearer — and it's big. Late last year, China revealed that local governments owe nearly $3 trillion – more than the gross domestic product of France, the world's fifth-largest economy.

One city with a sizable debt problem is Wuhan, an industrial hub that lies along the Yangtze River in central China's Hubei province.


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