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China orders indebted local governments to halt some infrastructure projects: Sources

Beijing has been tightening curbs on debt in recent months to defuse risks to the world's second-largest economy and its financial stability, while also trying to stimulate growth that has long relied on infrastructure investments by local governments.

Exclusive-China orders indebted local governments to halt some infrastructure projects-sources

China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. Increasing its efforts to manage US$13 trillion in mun

China orders indebted local governments to halt some infrastructure projects-sources

China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain. -January 19, 2024 at 04:36 am EST - MarketScreener

China halts infrastructure projects to lower local debt

China ordered local governments in 12 regions to halt major infrastructure projects, a blow to its efforts to grow the economy. The decision hints at the scope of China’s concern over local government debt.

Chinese premier calls for ensuring a good start for 2024 economic work-- Beijing Review

Chinese premier calls for ensuring a good start for 2024 economic work-- Beijing Review
bjreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bjreview.com Daily Mail and Mail on Sunday newspapers.

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