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CHINA PRESS: Vice Finance Minister Shi Yaobin said at a public-private
partnership financing forum in Shanghai on Wednesday that China would control
hidden risks accumulated by some local governments that had used PPP models
illegally for self-financing, The Paper reported. Shi said the illegal practice
of disguising commercial projects and pure engineering projects as PPP projects
to raise funds needs to be checked. He also said off-balance-sheet risks of
companies operating in the real economy need to be controlled, and their growing
leverage reined in, the report said. (The Paper)