Cash-strapped local governments often have difficulty financing infrastructure projects. Photo: Xinhua
Cash-strapped local governments often have difficulty financing infrastructure projects. Photo: Xinhua

Local government financing needs revamp to avoid risk of excessive debt, analysts say

Central government urged to shoulder more of the loan burden at the local level as default risk looms amid a spending spree on infrastructure

Cash-strapped local governments often have difficulty financing infrastructure projects. Photo: Xinhua
Cash-strapped local governments often have difficulty financing infrastructure projects. Photo: Xinhua
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