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Opinion | An obscure new department heralds a shift in China’s debt cycle

✍️ Zhang Lin 📅 November 16, 2025 08:30 AM 🕐 Scraped: November 17, 2025

Summary: In addition to regulating local government debt, the department will guide the nation away from a cycle driven by land as collateral.

China’s Ministry of Finance recently established a new debt management department , unifying the management of government debt quotas, issuance and redemption. What appears to be a simple adjustment reflects a profound shift in China’s economic governance.

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📝 Article Information

Author

Zhang Lin

Original Publisher

🌍 South China Morning Post

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Published Date

November 16, 2025 at 08:30 AM

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