1/3
"To cope with the downward pressure on the economy, a proactive fiscal policy should stimulate effective investment. Local governments’ new special bonds have played a vital role in expanding effective investment and steadying the economy."
yicaiglobal.com
"To cope with the downward pressure on the economy, a proactive fiscal policy should stimulate effective investment. Local governments’ new special bonds have played a vital role in expanding effective investment and steadying the economy."
yicaiglobal.com
2/3
"The finance ministry publicly stated last year that the growth momentum of hidden debts had been contained, with a reduction of more than one-third, and the risk of local government hidden debts is controllable. But there are still illegal new hidden debts."
"The finance ministry publicly stated last year that the growth momentum of hidden debts had been contained, with a reduction of more than one-third, and the risk of local government hidden debts is controllable. But there are still illegal new hidden debts."
3/3
"Some local governments have openly expressed a wish for assistance from higher-level authorities. In response to this, the document emphasized the need for provincial-level governments to increase their efforts in cities and counties and cut debt through their own efforts."
"Some local governments have openly expressed a wish for assistance from higher-level authorities. In response to this, the document emphasized the need for provincial-level governments to increase their efforts in cities and counties and cut debt through their own efforts."
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