Econ and Finance - 11 Dec 2020

Finance officials warn over local government debt

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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 tril...

Snuh-ohez.

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