China’s local government debt crisis adds chill to success of Harbin’s ‘ice city’ tourism boom

by Amanda Lee at scmp.com As China’s northeast province of Heilongjiang counts on more visitors flocking to the “ice city” of Harbin to drive up consumer demand, its prospects are trapped with a debt overhang and weak industrial growth, analysts said. Reducing local government debt risks continues to be a policy priority for Beijing, as highlighted […]