Problem? What problem?
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Local government debt is under control, according to China's state news agency. On Monday, Xinhua published an essay addressing “concerns about the increased risk of government debt.” Based on interviews with “experts and authoritative government departments,” it found that:
“All levels [of governm...