China plans to increase its total transport network to 700,000km (435,000 miles), including around 460,000km of roads, by 2035. Photo: EPA-EFE
China plans to increase its total transport network to 700,000km (435,000 miles), including around 460,000km of roads, by 2035. Photo: EPA-EFE

China debt concerns mounting as Beijing shifts attention to hidden local government financing

  • Beijing has tightened its supervision over local government financing vehicles (LGFVs) to control the flow of funding
  • This has increased concerns whether local governments can find enough funds to repay their debts, which have been rising over the years

China plans to increase its total transport network to 700,000km (435,000 miles), including around 460,000km of roads, by 2035. Photo: EPA-EFE
China plans to increase its total transport network to 700,000km (435,000 miles), including around 460,000km of roads, by 2035. Photo: EPA-EFE
READ FULL ARTICLE