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6 months ago

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Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise

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Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise

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.

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Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise

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Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise

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