So much for deleveraging: Huaxi Securities also estimated that Zibo’s LGFV debt growth rose by 28% in 2023 from 2022 – higher than the average of 13.3% in 16 cities in Shandong. For China’s barbecue capital, reality bites as debt risk stokes fire of distress www.scmp.com/economy/econ...

For China’s barbecue capital, reality bites as debt risk stokes fire of distress

Firing up the grills boosted Zibo’s national profile and lured millions, but it has done little to economically transform the heavily indebted city.