Posted by: NelsonGoni
« on: November 24, 2023, 04:04:21 PM »China orders local governments to cut exposure to public-private projects as debt risks rise
Source: China orders local governments to cut exposure to public-private projects as debt risks rise
Reuters exclusively reported that China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks.
The post China orders local governments to cut exposure to public-private projects as debt risks rise appeared first on Reuters News Agency .
Source: China orders local governments to cut exposure to public-private projects as debt risks rise