The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP
The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP

China's finances weaker than data show, IMF report says

International Monetary Fund warns of 'macroeconomic shock' unless Beijing comes up with a better system to monitor local government debt

The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP
The National Development and Reform Commission is working to bring local government debt under control. Photo: SCMP
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