Local governments' measurement and......>

CHINA PRESS: Local governments' measurement and management of local government

debt have been upgraded as the central government reiterated the importance of

reining in local debt, 21st Century Business Herald reported Wednesday. 

- Many provinces have started to examine the exact amount and state of local

debt and assets;

-Some provinces have vowed to further slow credit growth, with specific

responsibilities allocated to districts, counties and LGFVs;

- Some projects which were approved or financed by the governments were paused

or stopped on tighter supervision on project management;

-Local governments are trying to reduce the impact of their tighter management

of debt and are seeking to increase bond issuance, a market-based tool, to

continue to finance some ongoing projects, Zhao Quanhou, director of the

financial research center at a Ministry of Finance managed think thank said.