Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.
1. As China defuses its time bomb of debt, US hears the ticking intensify
Concerns over China’s local-level debt have long loomed large in international discourse, with a mountain of “hidden” debt viewed as a “ticking time bomb” that threatens to trigger a cascade of defaults while posing a risk to financial stability.
2. China’s exports defy trade war…