Construction workers in Kunming, Yunnan, climb the scaffolding. China's property market is unquestionably cooling down. Photo: Reuters
Hu Shuli
Opinion

Opinion

Hu Shuli

Debt-laden local governments must get back to the basics of budgeting

Hu Shuli says local officials under pressure from Beijing to keep afloat need to curb their spending excesses and find new streams of revenue

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Construction workers in Kunming, Yunnan, climb the scaffolding. China's property market is unquestionably cooling down. Photo: Reuters
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