Cash-strapped Chinese local governments urged not to 'blindl

Cash-strapped Chinese local governments urged not to 'blindly expand' infrastructure projects


Cash-strapped Chinese local governments urged not to 'blindly expand' infrastructure projects
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Last Updated: Mar 14, 2021, 08:50 AM IST
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Synopsis
China's top legislature has urged the nation's cash-strapped regional governments not to "blindly expand" infrastructure projects due to concern about mounting financial risks stemming from trillions of yuan worth of coronavirus stimulus last year, reported South China Morning Post (SCMP).
Agencies
China's top leadership has issued a warning about the 'heavy debt burden' of some local governments, saying greater monitoring is needed.
China's top leadership has issued a warning about the 'heavy debt burden' of some local governments, saying greater monitoring is needed.

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