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Author Topic: China orders local governments to cut exposure to public-private projects as debt risks rise  (Read 339 times)

NelsonGoni

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China orders local governments to cut exposure to public-private projects as debt risks rise
« on: November 24, 2023, 04:04:21 PM »
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
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