Finance ministry reports progress in tackling hidden debt
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
At a Friday press conference, Finance Minister Lan Fo’an discussed local governments’ progress in reducing hidden debt.
Quick refresher: "Hidden debt" refers to off-balance-sheet government liabilities raised via local government financing vehicles (LGFVs) or other state-owned firms.
In 2024, Beiji...