Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP
Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP

Local-government bond issuers on mainland face judgment day

Borrowing costs soar on speculation local government financing vehicles will lose support after finance ministry starts reviewing debt reports

Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP
Provinces were required to submit reports classifying borrowings as either government debt or not by yesterday. Photo: AP
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