China’s finance ministry has exposed another local government debt scandal, this time involving 818 million yuan (US$120 million) of irregular funding. Photo: Reuters

China exposes US$120 million local government debt scandal

Beijing vows to punish officials involved in using taxpayers’ money to pay off debts incurred by authorities in central China city

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China’s finance ministry has exposed another local government debt scandal, this time involving 818 million yuan (US$120 million) of irregular funding. Photo: Reuters
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