China’s State Council, chaired by Premier Li Keqiang, says it is necessary to strengthen the oversight of local government debt. Photo: Xinhua
China’s State Council, chaired by Premier Li Keqiang, says it is necessary to strengthen the oversight of local government debt. Photo: Xinhua

China calls for ‘strict accountability’ at local government levels where funds are misused

  • State Council says it is forbidden to use public funds for ‘luxurious office buildings and halls, vanity projects and unnecessary landscaping works’
  • In recent weeks, top Chinese officials have expressed concerns about mounting headwinds facing the world’s second-biggest economy

Topic |   China's economic recovery
China’s State Council, chaired by Premier Li Keqiang, says it is necessary to strengthen the oversight of local government debt. Photo: Xinhua
China’s State Council, chaired by Premier Li Keqiang, says it is necessary to strengthen the oversight of local government debt. Photo: Xinhua
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