Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg
Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg

IMF warns China of risks in investment binge

With concerns rising over debt in the mainland's lower tiers of government, the agency expresses fears for economic stability

Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg
Spending on highways, along with other big-ticket projects, ensures that local government debts stay in the fast lane. Photo: Bloomberg
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