Fighting local government debt, with Victor Shih and Max Zenglein

After months of weak economic performance, Beijing has introduced a series of measures aimed at stabilizing the economy. They include a 10 trillion yuan local government debt restructuring package.To shed light on the blatant levels of local government indebtedness, Claudia Wessling, Director Communications and Publications at MERICS, talks to Victor Shih and Max Zenglein. Victor is a professor of political science, director of the 21st Century China Center at the School of Global Policy and Strategy and the Ho Miu Lam Chair in China and Pacific Relations at UC San Diego. Max is the Chief Economist at MERICS and the driving force behind the Economic Indicators, a quarterly series of analyses for MERICS members that puts China’s economic statistics into context. --This podcast episode is part of the “Dealing with a Resurgent China” (DWARC) project, which has received funding from the European Union’s Horizon Europe research and innovation programme under grant agreement number 101061700. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.