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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. ....

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China Expands Its Debt-Laden State Railway System to Help Lift the Country's GDP

Although China’s state railway system has suffered severe losses for years, China’s Development and Reform Commission (NDRC) recently . ....

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China's top 5 infrastructure projects set to cost US$131 billion, but overall investment set to drop amid debt fears

China’s top 5 infrastructure projects set to cost US$131 billion, but overall investment set to drop amid debt fears
Last year, China turned to its old playbook to drum up growth amid the coronavirus outbreak by boosting investment spending on infrastructure projects
But growing pressure on local government finances are among the reasons that the growth of infrastructure investment could slow ....

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