21 March 2019

China may unveil local debt tally mid-Dec, paper says

The National Audit Office (NAO) will likely announce the debt status of local administrations after a central government economic conference later this month, the China Securities Journal reported Monday. The NAO has already consolidated figures from various provinces and cities and has submitted a report to the State Council. Central Financial Work Leading Group Office deputy director Yang Weimin said local administrations will no longer need to hide their debts if the central government gives the green light to issue debt, the report said.

– Contact HKEJ at [email protected]


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