Beijing has ordered the development of infrastructure projects with low returns to be slowed down as it tries to tackle rising national debt. Photo: Xinhua
China debt: Beijing urged to use ‘window of opportunity’ to tackle leverage following coronavirus recovery
- Following its strong recovery from the pandemic, China has an opportunity to build a more ‘sustainable debt model’, policy advisers in Beijing say
- Authorities should consider removing implicit government guarantees for failing financial institutions and special treatment of state-owned enterprises
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Beijing has ordered the development of infrastructure projects with low returns to be slowed down as it tries to tackle rising national debt. Photo: Xinhua
