China's interest bill soars 341% to 19% of budget, topping US
Beijing's debt-servicing costs have outpaced every other spending category, signaling fiscal strain as growth stalls and state banks prop up weak borrowers.
By Khalid Al-Harbi·· 3 min

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Beijing's debt-servicing costs have outpaced every other spending category, signaling fiscal strain as growth stalls and state banks prop up weak borrowers.