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

PBOC sounds warning over local government loans

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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