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Chinese Finance Minister Xiao Jie has...>

CHINA PRESS
CHINA PRESS: Chinese Finance Minister Xiao Jie has stressed the need to tackle
financial risks, especially those caused by local-government debt and to curb
illegal debt issues, the People's Daily reported Wednesday. During the meeting
of the Standing Committee of the 12th People's Congress, Xiao said China needs
to further overhaul the ship income and spending relationship between local
governments and the central government. He also said China needs to use more
high-quality assets to attract investment to public-private partnership
projects. (People's Daily)

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