Finance officials warn over local government debt
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Current and former Ministry of Finance (MoF) officials sounded off about the risks posed by rising local government debt at a forum on Tuesday.
Xue Xiaogan, deputy director of MoF’s Government Debt Research and Evaluation Center said that outstanding local government debt would reach RMB 26 trillion...