Foreign direct investment in China rose 3 per cent to US$21.7 billion in the first two months of 2019, according to China’s Ministry of Commerce. Photo: AFP

China names and shames local governments for mistreating foreign investors

  • China’s national audit office lists 45 local authorities for violations relating to levying unauthorised fees and delays in granting business licenses
  • China is trying to attract increased overseas investment with some parties looking elsewhere due to the US-China trade war and increasing costs
Topic |   China economy

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Foreign direct investment in China rose 3 per cent to US$21.7 billion in the first two months of 2019, according to China’s Ministry of Commerce. Photo: AFP
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Overview of the Changde city of Hunan province in China. Photo: Frank Tang

China local governments forced to rob Peter to pay Paul to honour rising debt mountain

  • China’s had 18.4 trillion yuan (US$2.74 trillion) worth of local government debts at end of 2018, equivalent to 20 per cent of nominal gross domestic product
  • Researchers estimate that true government debt level in China may have reached 92 per cent of GDP in 2017 if implicit liabilities were considered
Topic |   China economy

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Overview of the Changde city of Hunan province in China. Photo: Frank Tang
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