China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua
China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua

China’s debt-laden local governments urged not to ‘blindly expand’ post-coronavirus infrastructure projects

  • China’s top leadership has issued a warning about the ‘heavy debt burden’ of some local governments, saying greater monitoring is needed
  • Total government debt totalled 46.55 trillion yuan (US$7.1 trillion) at the end of 2020, including 25.66 trillion yuan owed by local authorities

Topic |   Two Sessions 2021 (Lianghui)
China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua
China’s local governments have been told to refrain from recklessly expanding infrastructure projects. Photo: Xinhua
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