China has instructed its banks to embark on a mammoth rollover of loans to local governments, delaying the country’s reckoning with debts that have clouded its economic prospects.
中國政府已指示國內銀行對地方政府的貸款進行大規模滾轉，此舉將使中國推遲應對給經濟前景蒙上陰影的鉅額債務。
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