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Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy.
By Samuel Shen and Tom Westbrook (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped l...
Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles.
China's consumer prices stayed flat in June on a yearly basis, maintaining the markedly low inflation trend, while the factory-gate prices of bulk commodities fell further to a record low since 2016, latest official data showed.
