More recent developments
Legislature sounds alarm over local government debt
China’s legislators are worried about the state of local government debt. On September 10, two econ-related committees of the legislature (NPCSC) – the budget working committee and the financial and economic committee – published a report on government debt management.… Read More »
Rebuilding confidence in VC
Beijing is scrambling to rebuild confidence in the venture capital (VC) industry. On Wednesday, Premier Li Qiang held a State Council meeting to discuss how to better support startup funding. Some context: Revitalizing China’s deteriorating VC industry has become a… Read More »
Property developers’ liquidity shortfalls are stalling urban renewal projects
Urban renewal projects are hitting roadblocks due to ongoing financial distress among property developers. ICYDK: Urban renewal involves reconstructing old, shabby residential developments into high-rise apartment buildings with improved amenities. Households forced to relocate during urban renewal are compensated with… Read More »