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 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

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