🚨 🇨🇳 CHINA CURBS LGFV SHORT BONDS AS HIDDEN DEBT STRESS RETURNS TO MARKETS China is moving to restrict short-term bond issuance by local government financing vehicles in the interbank market, tightening a funding channel used by cities and provinces to roll debt and fund infrastructure. This is Beijing slowing the debt treadmill. Short money looks easy until refinancing windows close, then banks, builders and weak regions feel the squeeze. Chinese bank stocks face pressure, property stays fragile, copper demand weakens, and the yuan gets support if debt risk is controlled.
