China debt: Beijing offers support to indebted Guizhou to ensure cash flow, boost investor confidence

China will allow one of its most indebted and poorest provinces to delay debt payments and undergo a restructuring process amid growing concerns that a crisis could break out in the southwestern region that is synonymous with the popular Mao-tai liquor.The mountainous landlocked province of Guizhou in southwest China, which has a population of over 38 million, has struggled to raise funds in the capital markets in recent years as a result of its deteriorating credit profile.Guizhou has also not…


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