China reviews plan to increase local government debt

China reviews plan to increase local government debt


Key Points
  • A closely watched meeting of China’s parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media.
  • New debt would go toward replacing hidden debt, the report said, noting that Finance Minister Lan Fo’an spoke at the meeting on the plan.
  • The standing committee of China’s National People’s Congress is meeting this week and widely expected to approve further fiscal support for the country’s slowing economy.



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