China’s Local Govts Under ‘heavy debt burden’
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China’s parliament has urged its regional governments not to “blindly expand” infrastructure projects after it issued a warning about the ‘heavy debt burden’ of some local governments, saying greater monitoring is needed. “Some regional governments are facing heavy debt burdens, while there were still new increases of implicit liabilities,” the financial and economic affairs committee … Continue reading "China’s Local Govts Under ‘heavy debt burden’"

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March 13, 2021 at 09:16PM