Search For "local government debt"
Updated : 5 months ago IST
Beijing [China], May 19 (ANI): Due to growing local government debt, China has ordered a halt to work on two high-speed rail projects with a total investment of 130 billion yuan (USD 20 billion) in Shandong and Shaanxi provinces.
Updated : 5 months, 3 weeks ago IST
Beijing [China], May 2 (ANI): As China has started scaling back the COVID-19 stimulus worth trillions of yuan launched last year, local government debt and corporate bond defaults are emerging as the prime financial risks for the communist government.
Updated : 7 months, 3 weeks ago IST
Beijing [China], March 2 (ANI): China's fiscal situation is "extremely severe with risks and challenges", former finance minister Lou Jiwei has warned, citing fallout from aggressive US stimulus policies, the global economic slowdown during the pandemic, an ageing Chinese population and moun