Posted inBeijing, China, World

Merry-go-round of debt crashes into China’s theme parks

Even the Bank of Toytown is being squeezed in China’s crackdown on debt. Last month, the National Development and Reform Commission announced plans to “rein in the booming theme-park industry.” A document released by the NDRC, which is a macroeconomic management agency under the Chinese State Council, outlined plans to curb “local debt risks,” “aimless construction” and […]

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