Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song
Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song
Business /  Banking & Finance

PBOC sounds warning over local government loans

Kwong Man-ki

Updated: 7:47am, 14 Mar, 2013

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Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song
Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song
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