Something must give
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 is increasingly worried about local government debt levels.
On Friday, the finance ministry (MoF) released a notice on tightening regulation of public-private partnership (PPP) project financing.
The aim: Crack down on shady practices and curb hidden debt.
ICYDK: Beijing has encouraged PPP p...