Many Chinese regional governments are...>

CHINA PRESS: Many Chinese regional governments are ratcheting up campaigns to

sort out and manage their debt burdens, the China securities Journal reported

citing meetings of local lawmakers.

 - Regulatory pressure on local government debt is expected to continue, and new

and stronger measures will be unveiled: Journal;

 - Some regions imposed lifelong accountability on officials for borrowing:

Journal;

 - Strict management of local debts will be an important task in laying the

foundations for preventing and resolving major risks: Journal.

***COMMENT: as President Xi Jinping's top economic advisor Liu He mentioned in

Davos, curbing financial risks will be a major task for the gov't this year.

Keeping a lid on local gov't debt burdens means central government will tolerate

slower growth this year.