China's central government has a........>

CHINA PRESS: China's central government has a unified understanding on local

governments' implicit debts, and what those implicit debts include will likely

be clarified, reported 21st Century Business Herald on Tuesday. As local

governments better understand the content of implicit debts, these implicit

debts will be digested and settled by the one who raised them, the report said,

citing anonymous sources close to local governments. There is no clear

definition of implicit debts at present, causing difficulties in managing and

dealing with local government debts, the report said, citing an anonymous

official from a Provincial Bureau of Finance.