Local government debt
"Caution" is a word commonly used by mainland developers when talking about their land acquisition plans this year. That bodes ill for some local governments that are under pressure to refinance.Wednesday, 2 April, 2014, 2:50am
The fast growth in the mainland's local government debt has highlighted the urgency of a revamp of the country's seriously imbalanced fiscal system, under which the central government should shoulder more of the load, to ease the burden on provincial, city, county and township authorities, analysts said.25 Jan 2014 - 5:07am 1 comment
Record revenues from land sales last year were a mixed blessing for heavily indebted local governments on the mainland.
They worry the central government will be provoked to launch a fresh round of curbs to prevent overheating of the property market.10 Jan 2014 - 4:02pm