China is facing severe fiscal risks, a former finance minister has warned. Photo: AP China is facing severe fiscal risks, a former finance minister has warned. Photo: AP
China is facing severe fiscal risks, a former finance minister has warned. Photo: AP
China economy

China’s fiscal risks ‘extremely severe’, former finance minister warns ahead of key meetings

  • Government revenue expected to remain low in the next five years, with no prospect of spending cuts, Lou Jiwei says
  • Lou accuses the US of transferring its debt burden to the rest of the world

Topic |   China economy
China is facing severe fiscal risks, a former finance minister has warned. Photo: AP China is facing severe fiscal risks, a former finance minister has warned. Photo: AP
China is facing severe fiscal risks, a former finance minister has warned. Photo: AP
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