Caixin China Biz Roundup: Scholar Rebuts ‘Debt Trap’ Criticism of Belt and Road

Local governments add billions to multitrillion-dollar hidden-debt problem, top graft buster ramps up fight against corruption in its own ranks   On today’s podcast: Ex-PBOC Governor Rebuts Criticism of Belt and Road Financing as Debt Trap Local Chinese Governments Add Billions to Multitrillion-Dollar Hidden-Debt Problem China’s Top Graft Buster Ramps Up Internal Anti-Corruption Efforts China’s Price War Favors the Cars Beijing Is Trying to Phase Out Guangzhou Auto Unveils Electric Flying Car, Joining Peers in Rush to the Skies Shein Eyes Overseas Expansion to Shift Supply Chain Beyond China