Logo 17 Sep 2020

Just a little off the top

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

Beijing has been giving money hand-over-fist to local governments to mitigate COVID-19’s economic fallout.

According to the Ministry of Finance, as of mid-August, the central government had directly distributed RMB 1.674 trillion worth of funds to support local governments (Jieman).

However, ...