Ftich weighs in on China local-government financing vehicles

<ul><li>Fitch says Chinese authorities are likely to implement further measures to ease refinancing pressure at local-government financing vehicles (LGFVs).</li><li>Fitch says we believe that the China central government will avoid a bailout of troubled LGFVs, as this could create moral hazard risk.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.