Local Government Financing Vehicle

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1 mentions 1 recordings first heard Aug 2026 last heard 18 Aug ±0 this week

State‑owned financing vehicle used by local Chinese governments for borrowing

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Tom BilyeuTom Bilyeu's Impact Theory · The 2 Biggest Economies Are Both Breaking — And Both Are H... · 12:57 · 18 Aug
…So one of the things that you have to understand about the way that Chinese banks work is you've got the local governments are basically running this thing um uh called an LGFV, local government financing vehicle.…
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