China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua
China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua

China economy

China’s private firms demand tighter oversight of local governments as virus causes spike in late payments

  • Private firms in China are calling for tighter monitoring of local governments that fail to pay contractors on time
  • Tax cuts to support growth and higher spending to combat the coronavirus pandemic have weakened fiscal positions of regional authorities

Topic |   China economy
China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua
China’s private sector firms want tighter oversight of local government finances to ensure they pay contractors on time. Photo: Xinhua
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