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Local Debt Remains Priority - Ministry of Finance

CHINA PRESS
MNI (BEIJING)

China will continue to prevent and defuse local government debt risks in H2 which remains a priority, according to the Ministry of Finance. In a recent report on fiscal policy implementation, the ministry said authorities will focus on supervising local governments to resolve hidden debt issues and roll out measures to support reduction in interest burdens. Officials noted in H1 debt management was strengthened with local governments accessing debt legally, while back-door hidden debt was blocked. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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