13 July 2025 | 10:40PM HKT Asia in Focus China's Rising Augmented Government Debt but Stable Interest Payments (Wang) Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Hui Shan +852-2978-6634 | hui.shan@gs.com Goldman Sachs (Asia) L.L.C. Lisheng Wang +852-3966-4004 | lisheng.wang@gs.com Goldman Sachs (Asia) L.L.C. n Amid persistent growth headwinds and lingering financial risks, the Chinese government has been prioritizing both fiscal expansion and local government debt resolut ...