Moody's says Chinese regional and local governments will see moderation in revenue growth but a higher debt burden
- Slowdown in revenue growth in Chinese regional local governments is driven by lower economic growth as well as tax fee cuts
- Moody's expect China RLGs' direct debt and contingent liabilities to increase because of higher anticipated 2019 bond quota and persistent funding gap
- says slowing in Chinese RLG revenue growth will constrain ability to service rising debt, particularly for those with already high debt burdens
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ps. RLG is regional and local governments
