Local Debt News Today

After a decade of kicking the can down the road, the problem has become impossible to ignore. Beijing might soon have no choice but to bail out cities and provinces.

International Business News: Several Chinese local governments, including Liaoning and Chongqing, have announced plans to issue refinancing bonds to repay existing debt, as part o

Beijing has embarked on new nationwide inspections to determine how much debt local governments owe, Bloomberg reported.

Local-level coffers are running low in some parts of China as the government sticks with its restrictive zero-Covid policy, and there are rising concerns that public services could be adversely affected.

Government issues decree on Tuesday authorising more local debt issuance this year.

As China’s fiscal policy turns from contraction to expansion next year, infrastructure investment is expected to accelerate, but experts say the pace could be ‘modest’ amid debt risks.

Risks of Chinas local debt grows as govt scales back COVID-19 stimulus ANI | Updated: May 02, 2021 12:27 IST Beijing [China], May 2 (ANI): As China has started scaling back the COVID-19 stimulus worth trillions of yuan launched last year, local government debt and corporate bond defaults are emerging as the prime financial risks for the communist government. Chinese authorities are currently on high alert for financial problems, particularly in some western...