China's Ticking Time Bomb Of Local Government Debt

Bernard Aw, Chief Economist, Asia-Pacific, Coface

24-May-23 07:30

China's Ticking Time Bomb Of Local Government Debt

Pause
Embed

Goldman Sachs estimates that China’s government debt amounts to $23 trillion US dollars, and this includes debt amassed by regional governments and municipalities. How do these debt levels weigh down on China’s economic recovery? Bernard Aw, Chief Economist at Coface gives us his analysis.

Image by: ZDL / Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Mark Tan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: international, government

Tags: local government debt, china,

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch with

7:15 AM

Morning Brief

A recap of global and local headlines in today's papers and portals.

7:30 AM

Morning Brief with

7:45 AM

Top Story with

8:00 AM

The Breakfast Grille with SIGNIFY MALAYSIA

We’re catching up with Signify Malaysia, who has a 125-year history as an innovator and global leader in lighting. However, with the increasing demand for energy saving solutions, how does this company retain its edge today? For more updates on this, we’ll be speaking with Sukanto Aich, Managing Director of Professional Business Southeast Asia and President of Signify Malaysia.

8:30 AM

Morning Brief with

8:45 AM

Morning Brief

(REPEAT) We look into local and international news that matters to the public — highlighting the issue or event that sparks the most conversations and debates.

9:00 AM

Opening Bell

(REPEAT) An update on local and international capital markets, including a look at how Bursa Malaysia begins the trading day. We speak with local and foreign analysts to find out how different asset classes and markets react to the latest news, results, and geopolitical events.

9:15 AM

Opening Bell

9:35 AM

Ringgit & Sense with

10:05 AM

Open For Business

(REPEAT) Robin Chase, Co-Founder and Former CEO, Zipcar

11:00 AM

Tech Talk

(REPEAT) David Holland, Managing Director, Swag at Employment Hero

12:00 PM

Enterprise Explores

(REPEAT) Dr Ong Kian Ming, Former Deputy Minister of International Trade and Industry | Pankaj Kumar, Business Commentator

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Discovery Hour

Lagu-Lagu Dulu-Dulu: Regional Grooves; Sean Ghazi & Ida Mariana

3:05 PM

Beyond the Ballot Box

How Corporations Exploit Land to Maximise Profit; Kurt Langbein, Director, Landraub/Landgrabbing

4:05 PM

Health & Living

Counsellor’s Corner: Reclaim Your Spark This Year; Lakshumy Kumar, Licensed Counsellor

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

8:00 PM

I Love KL

9:00 PM

Back To Back

PROGRAMMES