Markets

China to curb increases in local govt hidden debt

  • As of the end of 2020, China's outstanding local government debt amounted to 25.66 trillion yuan ($3.92 trillion), said Ou.
Published April 7, 2021

BEIJING: China will curb increases in local government hidden debt and control the size of new local government bonds for high-risk regions, Assistant Finance Minister Ou Wenhan told a press conference on Wednesday.

As of the end of 2020, China's outstanding local government debt amounted to 25.66 trillion yuan ($3.92 trillion), said Ou.

Comments

Comments are closed.