Banks have been told the stop funding local government projects. Photo: ReutersBanks have been told the stop funding local government projects. Photo: Reuters
Banks have been told the stop funding local government projects. Photo: Reuters

China’s state-owned banks told to stop lending to local governments as debt crackdown intensifies

Finance ministry issues blunt directory telling state-owned lenders to curb funding for local authority projects

Topic |   China economy
Banks have been told the stop funding local government projects. Photo: ReutersBanks have been told the stop funding local government projects. Photo: Reuters
Banks have been told the stop funding local government projects. Photo: Reuters
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