Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua
Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua

China’s provinces fall deeper into local government debt mire, study finds

  • Only Shaanxi reported a decline in debt ratio by June 2020, according to joint review
  • Nine provinces, including Guizhou and Inner Mongolia, had a ratio of above 100 per cent

Topic |   China economy
Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua
Local authorities continue to rely on debt to finance big-ticket spending programmes, according to an annual study. Photo: Xinhua
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