Beijing has told local governments debt management is a ‘lifelong political responsibility’. Photo: Xinhua
Beijing has told local governments debt management is a ‘lifelong political responsibility’. Photo: Xinhua

China debt: Beijing names and shames costly local government projects in bid to curb debt

  • Beijing has put the spotlight on eight wasteful local government projects as part of its ongoing campaign to reduce debt
  • The State Council urged local governments to ‘strictly follow fiscal discipline’ and ‘condense’ construction spending

Topic |   Dealing with debt
Beijing has told local governments debt management is a ‘lifelong political responsibility’. Photo: Xinhua
Beijing has told local governments debt management is a ‘lifelong political responsibility’. Photo: Xinhua
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