China has started a new round of........>

CHINA PRESS: China has started a new round of inspection on local governments'

implicit debts, focusing on the cashflow and debt level of PPP projects,

reported China Securities Journal. 

  - The regulation of implicit debts may increase the fiscal pressure of local

governments, resulting in a large gap in fund storage, the newspaper said,

citing Lian Ping, chief economist of the Bank of Communications. 

  - The pace of issuing local government debts is expected to rise significantly

in the second half of the year, reaching a total amount of CNY4 trillion by

December, the newspaper said. 

  - In addition to clearing implicit debts, China should promote legalization

and liberalization of local government debts, the Daily said, citing experts.