$1.65t: China's total estimated local government debt at the end of last year grahamearnshaw 15 years ago Source: The Wall Street Journal China allows some local governments to issue bonds directlyDateOctober 21, 2011In relation toBanking & FinanceControlling bank loansDateApril 14, 2010In relation toBanking & FinanceChina shifted some borrowing to companies as it fought the pandemicDateNovember 19, 2020In relation toBanking & Finance