Infrastructure projects are a key part of the central government’s plan to stabilise the economy amid the trade war with the United States. Photo: Reuters

China’s illegal local debt pile grows as Beijing looks to infrastructure to buffer growth from US trade war

National Audit Office points to billions of yuan in new borrowings but this could be just the tip of the iceberg, analyst says

Topic |   China economy

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Infrastructure projects are a key part of the central government’s plan to stabilise the economy amid the trade war with the United States. Photo: Reuters
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